June 29, 2018
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Shanghai Stock Analysis
用友网络 Yonyou Network Technology Co Stock Charting and Sideways
To learn how to trade, is first to understand the signals given by the chart. This is no different from learning how to cross the road. First you must understand the flow of the traffic, next is to recognize the traffic direction. So, in trading your also has to start understand the flow of the trend and the trend direction. Next, you have you understand that the market only move in three direction, up, down and sideways. Besides that you have to recognize that after sideways, the trend either breakout up or down. So, always look out for sideways and get ready to buy or sell. Manage your risk and trade with eyes open.
We also recommend you add an indicator to help in confirm your understand of the trend direction. Of course all set up can fail. So, always trade with eyes open. We are going to show you the MACD indicator and chart. Have fun learning.
600588.SS 用友网络 Yonyou Network Technology Co Stock Charting and MACD
Picture worth a thousand words, see chart for details. If the price action continue the bullish candlestick and breakout above the 20 MA, you may want to buy when price action retest the 20 MA as support. Manage your risk.
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.