13 July 2021
Welcome!
Welcome to AmiBroker Academy dot com, amibrokeracademy.com.
We use such as 1) Ichimoku Cloud, 2) Support Resistance (using box), 3) River (moving average), 4) GMMA and Woodies CCI, 5) Bollinger Bands and Moving Averages, and 6) MACD to analyze price action. We also analyze crypto currency price action. See our posting for Bitcoin and other popular cryptocurries.
Our job here is to translate price action chart into layman language for you to understand, ie Picture worth a thousand words. You can learn this too. All analysis read the price action chart differently. It is just like an essay, all reader will have different conclusion.
Trade well.
1) 0981.HK | Semiconductor Manufacturing International Corporation SMIC and Ichimoku Cloud
Ichimoku Cloud is a trend following strategy tool. We see Tenkan Sen trending up to the peak and then trend down from last July to November. Finally Tenkan and Kijun are twisted together. Price Action goes sideways.
Ichimoku Cloud is a multi-dimensional indicator designed to offer support and resistance levels, trending, and entry and exit points. Besides that, Ichimoku is an indicator that gauges future price momentum and determine futures areas of support and resistance. Price Action is sink inside the cloud.
Trade what you see. See a potential support.
Manage risk is a key in trading.
Moses Free Charting
2) 688981.SS | Semiconductor Manufacturing International Corporation 中芯国际 and Support Resistance
SMIC is also listed in China, Shanghai Stock Exchange, as 688981.SS. Price Action was slopping down and down from July last year. Compare the two chart, the above and below, you can see a lot of similarity.
Trade what you see. Manage your risk.
Moses Power Charting
Official AmiBrokerAcademy.com Charting
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.
We learn from many past and present great traders. Kudo to these master.