January 30, 2020
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603003.SS Shanghai Lonyer Fuels Co 龙宇燃油公司 Stock Charting
Study Shanghai Lonyer Fuels Co 龙宇燃油公司 Stock chart and Price Action and GMMA.
See chart, picture worth a thousand words.
Zoom in to study last twelve months price action. Add Moving Average such as GMMA to aid the study.
Moving Average is a great visual tool to see the trend.
We can see the fast ma after cross up and down of slow ma, and currently is below slow ma. The bear trend is currently going to stay as the slow and fast ma are far apart.
Trade what you see and not what you think.
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.