August 25, 2017
600027.SS 华电国际 Huadian Power Or and Support Resistance
Picture worth a thousand words. Share price is moving in zigzag. The share price reach the bottom again; retest the low. This is a very strong support. A very very strong support, eight months low. See chart for more.
Connecting the support.
Support Resistance is the simpler and yet most difficult technical analysis to trade. Any point can be a support, any point can be a resistance. And how to determine which support or resistance to trade.
Human being tend to remember things in the past, so look for past support and resistance. See chart below, you will know what I mean. A support retest again, then five months support, low. Follow another three months low, support again. Finally, the support get breakout low.
Have fun!
August 25, 2017 Huadian Power OR and Support Resistance
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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.