May 19, 2019
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BS6 YangZiJiang Shipbuilding
扬子江船厂 Holdings Stock Charting
Study YangZiJiang Shipbuilding Holdings Stock chart and River.
See chart, picture worth a thousand words.
Moving Averages is a great visual tool for trend. See chart. When MA slopping down and price action below MA, bear trend. When price action close above MA and MA slopping up, bull trend.
Besides that price action moves in zigzag and not straight line. You could find many H M Gartley ABCD pattern.
So, what is guess for the next price trend? Up or down. My bet will be slight pullback to test the river. Two things can happen, either breakout close above river or resisted by river. Manage your risk, and be responsible for your trade.
Trade with your eyes open.
Moses Stock Observation
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.