13 December 2018

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Shanghai  Stock Analysis

000001.SS 上海证交所指数 Shanghai Stock Exchange Composite Index Charting

Trade with your eyes open. Manage your trade.

Support Resistance is the an important tool in technical analysis in addition to indicator such as MACD. Next a very important visual tool, moving average. 

We use 34 period, high low and close moving averages, river. We see a dead cross, fast MA close below slow MA. 

The price action from the high near 3600 level close below River. The price action pullback and resisted by River. The price action continue to go lower. The price action continue to resist by river. River slopping down. The price action on October test the low below 2500. 

Another way to determine the trend and time, is to check the slow and fast MA wide. So, as long as the distance maintain wide or become wider. You can be sure the price action will take sometime to reverse. But, all set up can fail. 

Trade with your eyes open.

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.