August 3, 2017
BSL Raffles Medical Group and 34 MA Band
See chart for more, picture worth a thousand words.
The share price cross down below 34 MA band to stay below 34 MA band. 34 MA slopping from top left to bottom right, bearish trend.
To trade this stock, BSL only buy when the price action is pullback and cross above 34 MA, of course this is lesser risk when the 34 MA band is slopping up. Remember to buy at support. Taking profit when the price action crosses below 34 MA band again.
34 MA Band
Check the 34 MA Band direction, at five o’clock. Bearish.
August 1, 2017 Raffles Medical Group and 34 MA Band
BSL Raffles Medical Group and MACD Indicator
Share price breakout below support, PA retest the resistance and the share price just can not pullback any more for now. See MACD, the MACD crosses below zeroline and continue to stay below zeroline.
August 1, 2017 Raffles Medical Group and MACD
Remember, trading is all probability.
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.