January 17, 2017
For any new stocks it is always good to study the stock price with historical data, see the example below using 皖通高速 a China Shanghai stock. Have fun!
China Stock Analysis
600012.SS AnHui Expressway 皖通高速 Year High Low From 2004
Study the chart from 2004, with powerful charting software like AmiBroker, you can zoom in and out of the data to find more information.
Chart Analysis: This stock started of at a low of 3.425, broke out even lower in 2013 with 3.34. The stock tried to breakout higher in 2015, by touch the high of 19.38. This the chart the stock has fail to go higher and last Christmas tested the low of 10.35. Study the 34 MA band, the price action is currently below band. Bearish.
Powerful Chart Software – AmiBroker
The following chart is produced using AmiBroker charting software. It is a powerful chart software.
January 17, 2018 AhHui Expressway Year High Low from 2004
600012.SS AnHui Expressway Year High Low From 2007
See chart, there were many butterfly.
January 17, 2018 AnHui Expressway Year High Low Since 2007
600012.SS AnHui Expressway Year High Low From 2016
AuHui Expressway after the rally in 2015, the stock price has a rapid decline to test a low of 8.3 on 15 September 2015, after the double bottom (reference the month low), the stock price began to reverse. The stock price went into a bullish trend, and tested the high above 19 in 2016. That was the highest for 2016 and 2017. Now the stock price again in the reversal mode, keep forming lower low and lower high.
Picture worth a thousand words, see chart for more.
January 17, 2018 AnHui Expressway Quarter and Year High Low
Moses
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.