13 June, 2019
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000001.SS Shanghai Stock Exchange Composite index 上海证交所指数 Stock Charting
Look at SSEC from another view, study Shanghai Stock Exchange Composite index 上海证交所指数 Stock chart using Fibonacci.
See chart, picture worth a thousand words. Swing low to high to find the support.
Price Action goes from the low near 2450 level to the high near 330 in the start of this year. See chart.
Then the price action fail to move higher and drop back to the 50% level. the price action continues to be supported at the 50% region, near 2860 level.
Will the support be broken?
Trade with your eyes open.
Moses Stock Observation
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.