October 21, 2017
^SSEC Shanghai Stock Exchange Index and Topping
See chart for more. If you can not see the entire chart, adjust your browser.
Next week will be an key for China stock market too. We see Hang Seng, Straits Times Index are all near the key resistance. See our earlier posting for why.
SSEC test 3400 level but fail to breakout higher. The index closed below the last high. 18 October 2017 was 19th National Congress of the Communist Party of China. Has the meeting got any influence to the stock market. Don’t know.
But with major meeting as such, the market will take sometime to digest and response. Watch your trade.
October 20, 2017 Shanghai Stock Exchange Index and Key Levels
Moses
AmiBrokerAcademy.com
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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.