December 8, 2017
Hong Kong Stock Analysis
The major US tech stocks declined has influenced the key tech stocks in Hong Kong and China declined too, see our recent post for more. It is true too for Singapore Stock Index.
Correlation of Hong Kong Hang Seng Index, ^HSI and Dow Jones Industrial Average Index
Major US tech stocks declined on Wednesday. Apple stock is one of them. That goes for Asia Market too, we have showed Singapore The Straits Times Index as an example. Now we use Hong Kong Hang Seng Index as another example.
Many people thought they know why, but there were too many reasons. Many seems to be the cause for the decline.
But one thing is definitely true, the confident of market is weaken; many quick to sell off to take profits or cut lost. Are you one of them?
Remember, trading is not a get rich game or business.
Read more.
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.
December 8, 2017 Hong Kong Hang Seng Index and Dow Jones Industrial Average Index Correlation
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.