February 11, 2018
Correction Market Correction
We will be repeating checking on some of these major indexes in Asia and US markets. Have fun learning!
Hong Kong Stock Analysis
^HSI Hong Kong Hang Seng Index Charting and MACD Indicator
Hong Kong Hang Seng Index drops from 33000 level to near 29000, a 4000 points drop. It nearly touches the last October high. It takes four months to build the high, and only takes ten days to bring it down the level. No fun, no fun right.
Remember what goes up will comes down.
MACD Indicator
Check MACD, the MACD Histogram has signal there is a likely trend change. While the MACD and Signal were so far high up there. When the MACD pullback, the force was so strong and the MACD and signal cross down below zeroline.
Manage your risk!
Powerful Chart Software – AmiBroker
The following chart is produced using AmiBroker charting software. It is a powerful chart software. You plot the stocks you are interested all in one chart, as long as you still could read them. See chart below.
February 9, 2018 Hong Kong Hang Seng Index and MACD Indicator
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.