7 December, 2019
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Think Think Got More Things
Other than trend analysis, there are pattern analysis. For patterns, you can also divide them into trend reversal and continuation. Have fun! Have fun learning!
Our Believe
We encourage buy support, sell resistance. We also like you to trade with open eyes not do not just follow blindly.
600237.SS Anhui Tongfeng Electronics Company 安徽通丰电子 Stock Charting
Study Anhui Tongfeng Electronics Company 安徽通丰电子 Stock Charting and Price Action and chart pattern.
See chart, picture worth a thousand words. What pattern can you see.
ABCD pattern.
Price Action goes from high to low, and slight pullback..
We strong encourage to buy low sell high. or buy support and sell resistance.
You could easily spot some great ABCD pattern. Easy to trade such pattern? Not really. It is always to see after the war is over. It is the same that, twenty years later, if the current trade war is over. You will then able to name the strategy they deployed. Have fun learning.
What trade psychology you get out of this chart. If you study the chart, see price action breakout below support. Price action pullback and fail again. Why?
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.