November 16, 2018

Thanks for visiting the site.

Shanghai  Stock Analysis

603766.SS  隆鑫通用 Loncin Motor Company Stock Charting

Let’s discuss 隆鑫通用 Loncin Motor Company stock, see chart. We add moving averages high low and close using 34 period. Start from the left of the chart, price action below 34 MA band, or River, besides that the River also slopping down. Next the price action close above River, and River slopping up. The share price is at 8.6 RMB. The stock price can not push higher nor hold at that level. The price action begin to cross down River and stay below River. The breakout of 200 MA fail, the price action get resisted by 200 MA near 7.6 RMB. At this point, the 200 MA slopping down is very clear, and fast ma after fail to complete its golden cross begin to open up, widen from the 200 MA. The bear trend will continue. When the fast ma begin to close up and cross slow ma. the bear trend will continue. 

See chart, 6.2 RMB level seem to slow down the price action from falling. Price action begin to drift south again after a small pullback. 5.0 RMB seem to support the falling momentum, the push has resulting a nice bull ABCD up move. At the end of the CD leg, the bear comes in to send the price further south. After test 3.6 RMB, the price action rebounce up and close above River. Can the bull trend continue? Will see.

Trade with your eyes open. Manage your trade.

November 16, 2018 隆鑫通用 Loncin Motor Co., Ltd. and River

Zoom out, and study the stock chart from a bigger perspective. The stock price goes from the low at 3 RMB to the peak near 16 RMB in less than 16 months, but the stock price has a sharp fall. The fall is like a dead cat bounce, see chart. You could also see clearly the ABCD pattern. For those try to buy hold strategy will be very hard. As the price return to the start point again.

November 16, 2018 隆鑫通用 Loncin Motor Co., Ltd. Buy Hold Strategy

Moses

AmiBrokerAcademy.com

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.