May 18, 2019
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600999.SS China Merchants Securities Co. 招商证券股份有限公司 Stock Charting
Study China Merchants Securities Co. 招商证券股份有限公司 Stock chart and month high low.
See chart, picture worth a thousand words.
Zoom out to see a bigger picture, just looking at the peaks, you may thought this is a head and shoulders pattern.
But, if you will see the valley, you will know this is not a head and shoulders pattern.
Now, study the support resistance, or the month high low, you may see some strong levels. See chart.
Now, the price action breakout below second level.
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.