11 January 2019
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Moses Stock Analysis
000898.SZ Angang Steel Company 鞍钢股份 Charting
Trade with your eyes open. Manage your trade.
Study Angang Steel Company 鞍钢股份 stock chart using month high low to understand the stock trend. From chart you see the price action test the high and fail, and try again. Price action fail to reach the first high.
The stock price tested near 9 RMB and fail, the stock price retry to reach the high again, but the best is only 8.2 RMB.
Price action moves in a zigzag manner down. Box gives you a great visual effect to see the price action staging down in the monthly basis and up again and down again.
Trade with eyes open.
Study 000898.SZ Angang Steel Company 鞍钢股份 using moving average. Use high low and close of 34 period MA. See the band, we call it river. See the price action visually follow with the river. Some above the river, some time below. When above river it gives you the opportunity to buy, when below the river it gives you the opportunity to take profit. Trade with your eyes open.
Study stock chart using MACD indicator. See the +ve divergence. The price action may be reversal.
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.