March 23, 2019
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000001.SS Shanghai Stock Exchange Composite Index Stock Charting
Study Shanghai Stock Exchange Composited Index Stock chart.
See chart, picture worth a thousand words.
See price action stay above 200 MA, after the peak the price action close below 200 MA. Price action test the low, and test again before rebounce.
If you look carefully, you see the current price action retest the previous support. So, it is we so called, support turns resistance.
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.