13 December 2018
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Moses Stock Analysis
^HSI 香港恒生指数 Hong Kong Hang Seng Index Charting
Trade with your eyes open. Manage your trade.
34 period, high low and close moving averages, river is a great tool. We see price action cross up and down of the River. To make much easier to trade, we use two sets of MA, a fast MA and a slow MA. Short period MA is fast MA. A longer period of MA is Slow MA. When you use two sets of MA, you look for dead cross or golden cross. This will help to determine the trend change.
See chart. We have a dead cross, we see the price action begin to change when dead cross.
The price action from the high at 33500 level close below River. The price action pullback and resisted by River. The price action moves along the river. After the price action close below river and continue to go lower. The price action continue to be resisted by river. River slopping down. The price action on October test the low below 24500.
Trade with your eyes open.
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.