July 4, 2018
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Shanghai Stock Analysis – Trade with Eyes Open
Shanghai Pudong Development Bank Co. 上海浦东发展银行 Charting and Stochastic Oscillator
Study Shanghai Pudong Development Bank Co. 上海浦东发展银行 stock chart. In addition to the Moving Averages, 20, 50 and 100 MA are wide open. This signals it will require more time for the three MA to converge. In other words the bearish trend should continue for some time. Of course, all setup can fail.
If you added Stochastic Oscillator, you will spot the slow Stochastic in the oversold zone, and will continue to be in the zone for sometime. Watch out for the slow Stochastic when it leave the oversold zone. Manage your risk.
Shanghai Pudong Development Bank Co. 上海浦东发展银行 Charting and MACD
Picture worth a thousand words, see chart.
Moses
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.