27 September, 2018
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Moses Stock Stories – Think Think Got More Things
601169.SS 北京银行 Bank of Beijing Company Charting
We study 北京银行 Bank of Beijing Company stock chart. We see the stock price after 2008 become bear trend. The stock price had a great fall and hit the low in 2008. The price action then had a good rebounced. See chart, picture worth a thousand words. The pullback can not breakout above 8 RMB, Remember, you are reading the monthly chart, the stock price had a H M Gartley bull ABCD to bring the price back up to test 9 RMB. See the price action is traveled within the support and resistance line. Trade with your eyes open.
Manage Your Risk!
September 27, 2018 北京银行 Bank of Beijing Company and H M Gartley ABCD
If you can see the whole chart, “press Ctrl and -” to zoom out to see the entire chart.
Add MACD indicator, see the price action and MACD. Trade with your eyes open. Manage your risk.
This is a monthly chart, so the movement seem simple, but if you will trading in daily. The result will be different. Have fun.
September 27, 2018 北京银行 Bank of Beijing Company 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.