March 9, 2019
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600101.SS 明星电力 Sichuan Mingxing Electric Power Company Stock Charting
Study 明星电力 stock chart.
Scan Sichuan Mingxing Electric Power Co stock chart, you see the price action going lower and lower. And you notice the price action test the same low twice, double bottom. This is a reversal pattern, a trend changing hint. The trend change from bear to bull. True or true, will see.
Price action are moving in zigzag manner. Could you identify ABCD pattern? You should see many, except whether it is a perfect AB=CD or just ABCD.
Trade with eyes open. All setup will only fail, when the price action going the wrong way.
Manage your own risk.
Moses Stock Analysis
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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.