12 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) 688981.SS | Semiconductor Manufacturing International Corporation 中芯国际 and Ichimoku Cloud
Ichimoku Cloud is a trend following strategy tool. We see Tenkan Sen trending down from last July to November. In between, 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) Semiconductor Manufacturing International Corporation 中芯国际 and Support Resistance
Price Action goes from high to low. You can see price action goes from top in last July to bottom in September. Next the price action is moving sideways. See chart.
We use box to box month high low to find a key level. See chart. We have plotted a strong level. Price Action is on Support. Can the support continue to hold the price action? Will see.
Trade what you see. Manage your risk.
3) Semiconductor Manufacturing International Corporation and River
Moving Average is a great visual tool. Raghee uses high, low and close 34 EMA to form a band to determine the wave direction. Price action goes from below 34 EMA to above River, price action slowly reverse? Trade what you see.
Overall price action below 200 MA until last two months and 200 MA and 34 EMA are converging.
Manage your risk.
4) Semiconductor Manufacturing International Corporation 中芯国际 and GMMA and Woodies CCI
Slow MA (red) from open to squeeze, Slow MA (red) is above Fast MA (green). After January the price action and Fast MA (green) are zigzaging with Slow MA (red). Finally, Fast MA is above Slow MA after Golden Cross. Fast MA is pullback to above to cross below Slow MA (red), Is Dead Cross is in progress? Will see.
5) Semiconductor Manufacturing International Corporation 中芯国际 and Bollinger Bands and Moving Averages
Price Action and moving averages:
688981.SS, Semiconductor Manufacturing International Corporation price action has closed below its Short time (20 period) moving average.
Short time (20) moving average is currently above mid-time (50), AND above long time (100) moving averages.
All three or four, 20, 50, 100 and 200 longer time MA are converge together.
Bollinger Bands:
688981.SS, 中芯国际 price action has closed above bottom band.
Bollinger Bands are wider than normal.
Manage your risk.
6) Semiconductor Manufacturing International Corporation and MACD
We see price action begin to go higher. 200 MA slopping down still.
7) Semiconductor Manufacturing International Corporation SMIC 中芯国际 and Shanghai Stock Exchange Composite Index Correlation
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.