February 9, 2018

Shanghai Stock Analysis

600594.SS  YiBai 益佰制药 Charting

The stock tested the low at 14 in 2015, the price bounced back up and tried to approach 24 but failed. The stock price was supported near 16. Support turned resistance, the price started to drift below 16. Now the price action is at 8.8.

We add MACD indicator to understand the stock trend. See the next chart.

Powerful Chart Software – AmiBroker

The following chart is produced using AmiBroker charting software. It is a powerful chart software. You plot the stocks you are interested all in one chart, as long as you still could read them. See chart below. 

February 9, 2018 YiBai 益佰制药 Charting

600594.SS  YiBai 益佰制药 Charting and MACD

 Study the chart, the price lower when MACD cross down signal and followed by MACD cross down zeroline. Since then MACD stay below zeroline till now; that is why the price action keeps going lower. 

February 9, 2018 YiBai 益佰制药 and MACD

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.