16 July, 2019
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We had posted the same chart. See the previous analysis.
600118.SS China Spacesat Co. 中国东方红卫星 Stock Charting
Study China Spacesat Co. 中国东方红卫星 Stock chart and GMMA.
See chart, picture worth a thousand words.
Price Action and fast MA below slow MA. Fast MA resisted by Slow MA. After low, price action close above slow MA, and Price Action bounce above fast ma. Price Action touch the peak.
After the peak the price action fail to continue to go higher. Price action cross down below slow MA. Slow MA squeeze.
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.
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