October 21, 2017
^HSI Hong Kong Hang Seng Index and Bull Trapped
See chart for more. If you can not see the entire chart, adjust your browser.
Next week will be an important and interesting week for Hong Kong stock market. We can see from chart that the market has retested the high of 28575 level, but fail to stay above. You can see a big bar close below 28575, why? The market does not think the index should be higher than 28575, that is why the HSI closed below it.
Next week, if you the market do not close higher 28575, the bulls trap will really true.
October 20, 2017 Hong Kong Hang Seng Index and Key Levels
Moses
AmiBrokerAcademy.com
Read:
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.