January 10, 2018
We have done a correlation of the local three banks, DBS, UOB and OCBC. Let’s cross examine DBS bank and see the 2018 plan.
Singapore Stock Analysis
D05 DBS Group Holdings Year High Low
The stock touch 26.50 now, if you look left and you will see 2016 year high is lower than 2015, and 2015 high is lower than 2017 high. So, 2017 is more bullish in the last three years. If the price does not move higher anymore, it will still be higher than 2017. Wow! What a great start for DBS Group Holdings.
Powerful Chart Software – AmiBroker
The following chart is produced using AmiBroker charting software. It is a powerful chart software. You plot the stocks you are interested all in one chart, as long as you still could read them. See chart below.
January 9, 2018 DBS Group Holdings Year High Low
D05 DBS Group Holdings and MACD
MACD is a great trend indicator. What have you got from the chart below. MACD signals cross up, so it is on a bullish trend now. Besides that MACD Histogram is also above zeroline. What’s next? At least bullish now.
January 9, 2018 DBS Group Holdings and MACD Signals
DBS Group Holdings and MA Band
MA slopping up bullish, MA slopping down bearish. So, currently the MA Band is slopping up, the trend is bullish. But, remember the price action is always bounce and pullback to the MA, see chart for more. The price action may be ready to pullback before bouncing again. Remember, some the support of MA can fail, then the price action could cross below the MA. Manage your risk.
January 9, 2018 DBS Group Holdings and MA Band – 34 MA
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.