20 January 2020

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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. To plan for trade in 2020, look left and think right. Look back for the last three years.

Study Angang Steel Company 鞍钢股份 stock chart and price action using year high low.

The stock price tested near 8.2 RMB and fail in 2017, 2018 and price action supported above 5 RMB in 2018.

Price action breakout below 5 RMB and stay below.

Trade with eyes open. 

See chart, price action in 2017, resistance turns support. And history repeat itself, the resistance in 2017 again resistance of 2019.

See chart, price action supported near 5 RMB, and again supported again in 2018, and breakout below support in 2019. …

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.