12 January, 2020
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CO Global Cord Blood Corporation Price Action Charting
Study Global Cord Blood Corporation stock chart price action and year high low.
Look left and think right. Manage your expectation.
See chart, picture worth a thousand words.
Look back last three years price action using box boxing on year high low. See chart, the price action like stepping down the stairs. Each year price action gets lower.
But, the low seem to stop a the same level, except 2019, the price action breakout below support. Price Action now stay below resistance, or support turns resistance.
Can the price action reversal and goes above resistance? Will see.
Trade with your eyes open.
Moses Stock Observation
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.