15 February, 2019
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000001.SS China Shanghai Stock Exchange Composite Index Stock Charting
Study China Shanghai Stock Exchange Composite Index stock chart.
Price action tested near 3.600 level and fail. The price action was supported near 3,100 level for about four months before fail again. The price action was again supported near 2,700 level. This only lasted about three months before the price action fail further.
Only until the price action tested at 2,500 level and retest again, this become double bottom.
Now support turns resistance. the price action retest 2,700 level again and again.
Moving Average is a great visual tool, see chart. the dead cross, the slopping down, the bear trend. Picture worth a thousand words, see chart.
Trade with eyes open.
See 34 period MA, high low and close, River. Price action after cross down river in February last year. The price action continue to stay below river until ten months later then the price action return to be above river. See chart.
Moses Stock Analysis
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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.