3 December, 2019
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We study chart using pattern recognition. See price action has a sharp fall. But the price action get supported and did not fall further. From the dead cat bounce pattern, it fail.
0016.HK Sun Hung Kai Properties 新鸿基地产 Stock Charting
Study Sun Hung Kai Properties 新鸿基地产 Stock Charting and Price Action.
See chart, picture worth a thousand words.
Price Action goes from high to low and high again.
We strong believer in buy low sell high. or buy support and sell resistance.
If you study the chart, see the sharp fall, many will rush in to sell and hope the price action will continue to fall further.
Another group may try to buy up, to play the bear reversal. In this case, the price action did reverse. Price Action continues to test the low, supported four time in total. See chart.
Trade with your eyes open.
December 3, 2019 Sun Hung Kai Properties 新鸿基地产 and Price Action
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.