January 30, 2020
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603000.SS People.CN Co 人民网 Stock Charting
Study People.CN Co 人民网 Stock chart and MACD.
See chart, picture worth a thousand words.
Zoom in to study last twelve months price action with MACD.
Price action retest the same high for last five months. Price Action supported by 200 MA.
Price Action goes from the high of above 34 RMB to the low near 14 RMB, rebounce to the high below 28 RMB. Again 28 RMB is retested twice.
Trade what you see and not what you think.
Trade with your eyes open.
Moses Stock Observation
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Disclaimer
The above result is for illustration purpose. It is not meant to be used for buy or sell decision. We do not recommend any particular stocks. If particular stocks of such are mentioned, they are meant as demonstration of Amibroker as a powerful charting software and MACD. Amibroker can program to scan the stocks for buy and sell signals.
These are script generated signals. Not all scan results are shown here. The MACD signal should use with price action. Users must understand what MACD and price action are all about before using them. If necessary you should attend a course to learn more on Technical Analysis (TA) and Moving Average Convergence Divergence, MACD.
Once again, the website does not guarantee any results or investment return based on the information and instruction you have read here. It should be used as learning aids only and if you decide to trade real money, all trading decision should be your own.