13 December, 2019
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002162.SZ Everjoy Health Group Co 悦心健康集团 Stock Charting
Study Everjoy Health Group Co 悦心健康集团 Stock Charting and Price Action and MACD.
See chart, picture worth a thousand words.
Price Action goes from high to low to sideways.
We strong believer in buy low sell high. or buy support and sell resistance.
If you study the chart, see the sharp fall in April and May, we can see price action rush in to sell off. Some try to recover to buy up, see the bear reversal. But reversal fail, the price action goes lower.
This is a dead can bounce chart pattern.
Add moving average, such as 200 MA. We see price action above 200 MA, and below 200 MA.
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.
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.