4 December, 2019
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We study chart using pattern recognition. See price action fall. But the price action get supported and continue to fall further.
600021.SS Shanghai Electric Power Company 上海电力公司 Stock Charting
Study Shanghai Electric Power Company 上海电力公司 and Stock Charting and Price Action.
See chart, picture worth a thousand words.
Price Action goes from high to low and high again.
We strong encourage to buy low sell high. or buy support and sell resistance.
If you study the chart, see a bear slopping down. Many trader like to recover to trade reversal, and buy up. But in the bear reversal, the risk is high. See the price action breakout below the last low and go further down.
We see the price action after the high, the price action begin to reverse, bull reversal. Price Action after breakout below the support and continue to go lower. Bull reversal succeed.
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.