May 19, 2018
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Hong Kong Stock Analysis
3333.HK China Evergrande Group 恒大集团 and Bollinger Bands
Picture worth a thousand words, see chart. We study China Evergrande Group 恒大集团 using Bollinger. Monitor the stock trend.
Price Action and Bollinger Bands:
China Evergrande Group, 3333.HK has closed above bottom band of Bollinger Bands. Bollinger Bands are narrower than normal.
The character of Bollinger Bands, narrow on the bands suggests a low volatility as compared to normal range. Therefore, the probability of volatility increasing with a sharp price move has increased in the near-term.
Zoom in, the bands have been in this narrow range for 6 bars. The probability of a significant price move increases the longer the bands remain in this narrow range.
Manage your risk.
May 18, 2018 China Evergrande Group 恒大集团 and Bollinger Bands
3333.HK China Evergrande Group 恒大集团 and MACD
See chart for more.
May 18, 2018 China Evergrande Group 恒大集团 and MACD
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.
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.