October 21, 2017
Seba Smith
Portraitures of Yankee Life by Seba Smith of about 1854: “This is a money digging world of ours; and, as it is said, ‘there are more ways than one to skin a cat,’ so are there more ways than one of digging for money”.
Seba Smith (September 14, 1792 – July 28, 1868) was an American humorist and writer.
To demonstrate there are more ways to analyse the chart; technical analysis. See below how we see HSI. Have fun learning.
Hang Seng Index and ABCD Patterns
See chart, this is a different way to see chart instead of support resistance. Remember price action moves in zigzag, one step forwards few steps back, or few steps forward and one step back.
October 20, 2017 Hong Kong Hang Seng Index and ABCD Pattern
Hang Seng Index and Channel
See chart, this is a different way to see chart. Remember price action moves in zigzag, and the price action is trapped within two trendlines, channel. The price action will continue to move within the two lines until the price action breakout from them. See chart for more.
October 20, 2017 Hong Kong Hang Seng Index and Channel
October 20, 2017 Hong Kong Hang Seng Index and Key Levels
^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.
Next Week An Important Week for Hang Seng Index | AmiBrokerAcademy.com
Moses
AmiBrokerAcademy.com
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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.