April 28, 2019
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600778.SS Xinjiang Youhao (Group) Co 友好集团 Stock Charting
Study Xinjiang Youhao (Group) Co 友好集团 Stock chart and Month High Low and Strong Levels.
See chart, picture worth a thousand words.
Price Action goes from high to low to lower. Price Action does not move in a straight line, price action moves in zigzag.
We use box to box the month high low. If you find to box the same high, means the two months has the same volatility. If you find the box is very big, mean the month is very volatile.
From the same high level, you can see the level must be strong.
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.