Moses’s Singapore Stock Market Analysis, NOL Update

Is Neptune Orient Lines forming an evening star? No. Don’t jump into any conclusion till the candlestick pattern has completed, but the price action is reaching a critical resistance to watch. If you are not sure, stay aside!

The following analysis was done before the February 3, 2012 data was uploaded.  

Moses’s Singapore Stock Analysis, Neptune Orient Lines, NOL Update. Three weeks ago, January 15, we saw the price action clear the neckline of a double bottom. The price actions continue to be strong to support the double bottom chart pattern.

Now, the price action has reached a critical level. Can the price action maintains the strong momentum and pushes the price action further north? For professional trader and technical analyst, they will wait till the pattern is formed. They only trade what they see and not what they think.

There are two possible scenarios. One scenario is the price action has reached the resistance; the candlestick pattern is forming an evening star and starts to go south. Second scenario is the price action will push further north before pulls back to find a support near the previous neckline. In order for the price action to have enough energy to drive further north, the price action will have to accumulate before it pushes further north.

You can read the previous posting for previous comment and analysis.

Neptune Orient Lines Daily Chart – Analysis One

Neptune Orient Lines Daily Feb 2, 2012

Took second look again at the chart, and you may form another story.

Neptune Orient Lines Daily Chart – Analysis Two

Neptune Orient Lines Weekly Chart

Have fun!

Moses, February 5, 2012

DSICLAIMER

Information provided here is of the nature of a general comment only and no intend to be specific for trading advice. It has prepared without regard to any particular investment objectives, financial situation or needs. Information should not be considered as an offer or enticement to buy, sell or trade.  

You should seek advice from your broker, or licensed investment advisor, before taking any action.

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.

Welcome to Moses’s Stock Scan Corner at AmiBrokerAcademy.com.  This is January 20, 2012 top 20 volume that have MACD bullish signal or bearish signal. The market benchmark, Straits Times Index closed at 2849.38 points, another 38.18 points higher than the last closed.

Technical Analysis

The index is resisted by 2850 level.  The index has broker the neckline of the small double bottom. The index will now test 2900 level, the next neckline for the bigger double bottom. See the earlier post on the double bottom for the Straits Times Index, STI.

January 20, 2012 MACD Scan Results

Out of 20 stocks, 10 stocks have bullish MACD signal and 10 stocks have bearish MACD signal. These are script generated results.  Only the top 20 volumes are listed here.

Straits Times Index, STI Daily Chart 

Straits Times Index Daily Chart - Double Double Bottom

See previous posting for Straits Times Index Charts and comments.

By Moses, January 25, 2012

Singapore stock market will be closed for Monday and Tuesday, 23 and 24 January 2011 for Chinese New Year holiday.

DSICLAIMER

Information provided here is of the nature of a general comment only and no intend to be specific for trading advice. It has prepared without regard to any particular investment objectives, financial situation or needs. Information should not be considered as an offer or enticement to buy, sell or trade.  

You should seek advice from your broker, or licensed investment advisor, before taking any action.

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.

Welcome to Moses’s Stock Scan Corner at AmiBrokerAcademy.com.  This is January 19, 2012 top 20 volume that have MACD bullish signal or bearish signal. The market benchmark, Straits Times Index closed at 2811.20 points, 15.8 points higher than the last closed.

Technical Analysis

The index has broken 2800 level. The next level to challenge is 2850.

January 19, 2012 MACD Scan Results

Out of 20 stocks, 8 stocks have bullish MACD signal and 12 stocks have bearish MACD signal. These are script generated results.

By Moses, January 25, 2012

DSICLAIMER

Information provided here is of the nature of a general comment only and no intend to be specific for trading advice. It has prepared without regard to any particular investment objectives, financial situation or needs. Information should not be considered as an offer or enticement to buy, sell or trade.  

You should seek advice from your broker, or licensed investment advisor, before taking any action.

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.

Welcome to Moses’s Stock Scan Corner at AmiBrokerAcademy.com.  This is January 17, 2012 top 20 volume that have MACD bullish signal or bearish signal. The market benchmark, Straits Times Index closed at 2815.85 points, 59.36 points higher than the last closed.

Technical Analysis

The index has breakout from 2793 level.  There is a possible Gartley AB = CD. There is a potential confluence of Gartley AB = CD and ED.

The index has broke above 100 EMA.

January 17, 2012 MACD Scan Results

Out of 20 stocks, 10 stocks have bullish MACD signal and 10 stocks have bearish MACD signal. These are script generated results.

Straits Times Index Daily Chart

There is a possible confluence of Gartley AB = CD and Equal Distance Channel.

Straits Times Index, STI Daily Chart

By Moses, January 17, 2012

DSICLAIMER

Information provided here is of the nature of a general comment only and no intend to be specific for trading advice. It has prepared without regard to any particular investment objectives, financial situation or needs. Information should not be considered as an offer or enticement to buy, sell or trade.  

You should seek advice from your broker, or licensed investment advisor, before taking any action.

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.

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.

Has Neptune Orient Lines completed the double bottom?

Moses’s Singapore Stock Analysis, Neptune Orient Lines, NOL Update, the NOL has clear the neckline of the double bottom. The price moved up quite strong. The market open at $ 1.225 and closed at $1.27. Unless the price action remain strong the keep pushing north. This may ended up a fail break out.

More ships is better?

From the market, NOL will build another 12 new container ships. In total, NOL will have 32 new container ships in the near future. Will this be timely, by then the gloomy global economy will be over. Who will know?

So, with more ships and loans to serve when there is more order booking of course all will be happy. However, if the economy remain gloomy and slow that will make everyone worry.

Technical Analysis

For technical analysis, you trade what you see and not what you think. Monitor the chart and trade with caution.

See the previous posting for more comment and analysis.

Neptune Orient Lines Daily Chart – January 13, 2012

Neptune Orient Line, NOL, N03 Daily Chart - Double Bottom Chart Pattern

Moses, January 15, 2012

DSICLAIMER

Information provided here is of the nature of a general comment only and no intend to be specific for trading advice. It has prepared without regard to any particular investment objectives, financial situation or needs. Information should not be considered as an offer or enticement to buy, sell or trade.  

You should seek advice from your broker, or licensed investment advisor, before taking any action.

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.

As commented earlier, Golden Agri Resources stock price action (PA) is fighting to clear the resistance zone $0.74 and $0.75 resistance level. When clear the next possible critical resistance to clear will be $0.83.

Friday, January 13, 2012 closed at $0.740 just right below the resistance zone. When you zoom out and look at it again you may notice that an inverted head and shoulders has completed the right shoulder. The price action is now at the ‘neckline’. Can you see it?

If this is true, it is a convergence of both the resistance and neckline. What does that mean? From a technical analysis (TA) stand points, a convergence means that the price action would respect before it next major change. Will see.

So go back to the story that we have painted so far from the chart. If you are a new visitor, feel free to browse around for the earlier posts for the storyline we try to built. We found bullish flag trend continuation pattern forming. Next, we saw a completion of the right shoulder of the inverted head and shoulder. The MACD is above zero line. Can we expect the price action to break above the resistance zone and continue to move higher? It will be more solid when the break out can retest the resistance zone and turn it to a support. The energy will be very strong when the MACD moving from below zero line to above zero line; this is just ideal situation.

Form your strategy and plan, plan your trade and trade your plan. Of course, you can still win if you trade randomly. This is pure luck.

Monitor the stock and trade with caution. Happy trading.

Moses, January 14, 2012

After Notes:

It seems like I know them all.  No.  By the way, I am not here in bragging rights. I enjoy looking at the chart and wondering what will happen next. Trading strategies are fun, it is even more fun in understanding what others see the price action or how a technical analysis trader see it too.

You should consider starting your own analysis if you have not done so. Enjoy the ups and downs of the trading journey. It is just like golf, it is personal. You may have a few good one but some how you can’t repeat it again. Don’t worry, it will come back again when you keep practice, practice and practice.

Golden Agri Resources Daily Chart

Golden Agri Resources, E5H Daily Chart - Inverted Head and Shoulders

DSICLAIMER

Information provided here is of the nature of a general comment only and no intend to be specific for trading advice. It has prepared without regard to any particular investment objectives, financial situation or needs. Information should not be considered as an offer or enticement to buy, sell or trade.  

You should seek advice from your broker, or licensed investment advisor, before taking any action.

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.

If you don’t know any, I suggest that you go and attend some basic courses or read some books. So you could better relate the information provide from the table below. It is still fine if you just take it that bullish signal means potentially the stock or I like to call it price action (PA) may move higher. And bearish signal means that there is a potentially the price action may fall lower.

Stock price is just like any business. Even the TA says there is a bullish signal but the price may still go lower or bearish signal but the price action still shoot up. It turns out totally opposite from the TA. TA it is a forecast, a roadmap, something you could reference for your action and not just randomly do what comes into your mind. It forecasts the future direction of the stock price or price action is likely to move in the short term, mid or long term base upon the historical data and trend. It is just like business or economy forecast base on the past data and trend and predict the future. It is only for reference and there is no guarantee the market has to move as the forecast predicted.

The most important we can learn from it and make our forecast and plan better the next time.

So, be mindful of what you read and manage your expectation. Have fun!

MACD Screening

Singapore stock market benchmark, Straits Times Index, STI closed 2743.66 points, 3.47 point lower than the previous closed.

These are top 20 higher volumes that have the MACD bullish signal or bearish signal for January 12, 2012. 13 stocks having bearish MACD signal and 7 stocks have bullish signal. There are stocks having the signal but no show here.

These are computer generated signals. It helps in reduce the time to go through nearly one thousand stocks listed in Singapore Stock Exchange. Imaging how much time you need to go through 20 stocks and identify them that have MACD bullish or bearish signals.

MACD SCAN for January 12, 2012 Singapore Stocks.

By Moses, January 13, 2012

DSICLAIMER

Information provided here is of the nature of a general comment only and no intend to be specific for trading advice. It has prepared without regard to any particular investment objectives, financial situation or needs. Information should not be considered as an offer or enticement to buy, sell or trade.  

You should seek advice from your broker, or licensed investment advisor, before taking any action.

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.

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.

Moses’s MACD Singapore Stock Scan .Welcome to AmiBrokerAcademy.com free MACD Singapore stock scan. MACD stock scanner will run on a daily basis to help filter Singapore stock listing in Singapore Stock Exchange, SGX that show bullish trade signal or bearish trade signal.

The MACD scanner here will only identify stocks that have MACD bullish signal or bearish signal. The MACD scanner will only pick those stocks that have fulfilled the conditions of volume greater than 100K and have stock price more than a dollar.

Moving Average Convergence Divergence, MACD

For those we do not know what MACD is. MACD was developed by Gerald Appel in the late seventies.

1. MACD stands for Moving Average Convergence Divergence, the MACD line (red line or called fast line) and MACD signal line (blue line, or called slow line).
2. MACD Bullish Signal Line Cross: MACD bullish signal when red line crosses above the blue line or MACD line crosses above zero line.
3. MACD Bearish Signal Line Cross: MACD bearish signal when blue line crosses below red line or MACD line crosses below zero line.

MACD Screening

These are 8 stocks picked for today. The following 7 stocks passed our selection criteria for MACD scan script that closed on January 10, 2012. These stocks are volume exceeding 100K and price above one dollar.

5 stocks are having bullish MACD signal and 3 are having bearish signal.

By Moses

DSICLAIMER

Information provided here is of the nature of a general comment only and no intend to be specific for trading advice. It has prepared without regard to any particular investment objectives, financial situation or needs. Information should not be considered as an offer or enticement to buy, sell or trade.

You should seek advice from your broker, or licensed investment advisor, before taking any action.

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.

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.

Moses’s US Stock Analysis, HiSoft Technology, HSFT has bounced back up since December 28, 2011 at $9.06. Can this be the low and the start of the bull trend? Will see.

Analysis

The price action has crossed up the 20 days EMA, but the price action has closed below the 50 EMA. Can the price action cross up the 50 EMA? Who will know?

From a bigger picture, the price action has completed a Gartley AB=CD pattern. It is likely to continue with the Bullish Gartley pattern. But wait, this is only valid when the pattern complete. Don’t forget, in the last analysis, the retest fail. In TA, the analysis is correct till it is proven wrong! Please trade with caution!

Will the break down at $10.58 become a bigger bear trap? Will see.

MACD bullish pattern, MACD crosses up MACD signal line, MACD histogram is above zero line.

What’s your trading plan (for HSFT)?

Would you fly an airplane without instruments? Of course you say you will not. Trading without a plan is just like fly an airplane without instruments. But how many of you trade with a plan. To know when to enter, when to exit and how long you will trade. You can have a one week plan, or a six months plan. As long as you plan.

Next is can you trade with your plan.

Trading is different from investment. Trading is through buy and sell to gain profit. Investment is different from trading. Investment is you park your money and expect it to grow. Unfortunately many is confused between the two.

Technical Analysis is a tool you analyze the history data to understand the trend, thereafter you make a trading plan. It does not matter the market is in bullish or bearish. You will still able to find an entry and exit point.

The market is always moving up and down. Or the market is always moved in a zigzag manner. As there is always buyers and sellers. When the supply is strong the price will fall, when the supply is weak the price will raise.

HiSoft Technology, HSFT Daily Chart Close up View

HiSoft Technology Daily Chart Closeup View, January 6, 2012

HiSoft Technology, HSFT Daily Chart

Completed Gartley AB = CD pattern. Is it forming a bullish Gartley pattern? Will see.

HiSoft Technology, HSFT Daily Chart, January 6, 2012, Gartley AB=CD

Other related post

US Stocks Analysis – HSFT December 11, 2011

Disclaimer

The above result is for education purpose. It is not meant to be used for buy or sell decision. We do not recommend any particular stocks. If particular stock of such is mentioned, they are meant as demonstration of Amibroker as a powerful charting software, what Technical Analysis is, some indicators such as MACD, Support and Resistance, and Moving Averages.  

Once again, the website does not guarantee any results or investment return based on the information and instruction you have read here.

Welcome to AmiBrokerAcademy.com free MACD stock scan. This scanner runs on a daily basis to help traders filter shares that listing in Singapore. The MACD scan will identify stocks that have MACD bullish or bearish signal. Potentially the identified stocks will have bullish or bearish movement in the near term.

Our stock scanner is an AmiBroker charting software AFL script written based on the MACD indicator. MACD is a popular technical indicator to identify trend and potential reversal. The scanner replaces the human effort in reviewing one stock at a time. With the screener script, it only takes a few minutes to go through the database that contains nearly 1000 equities listed in Singapore Stock Exchange.

Moving Average Convergence Divergence, MACD

For those we do not know what MACD is. This is one of the Technical Analysis.

1. MACD stands for Moving Average Convergence Divergence, the MACD line (red line or called fast line) and MACD signal line (blue line, or called slow line).
2. MACD bullish signal when red line crosses above the blue line or MACD line crosses above zero line.
3. MACD bearish signal when blue line crosses below red line or MACD line crosses below zero line.

The right approach is further analyzing the shortlisted stocks to determine the suitable entry and exit, and stop loss. Calculate the the risk involved.

MACD Scan

Today, there are also 8 stocks picked for the day. The following are the 8 stocks that passed our selection criteria for MACD closed on 28 December 2011. These stocks are volume exceeding 100K and stock price above one dollar.

Out of eight stocks there are five stocks that have bullish MACD signal and three stocks that have bearish MACD signal. The market is expected to continue to be weak. This is expected to be continued till the traders have returned from their yearend vacation.

Straits Times Index, Singapore stock market benchmark, STI for December 28, 2011

One more trading day to go, we will say good bye to 2011.  Looks like the 2011 will end STI at around 2660 points. Will see.

O = 2676.92 points

C = 2666.25 points

H = 2683.03 points

L = 2661.07 points

The Straits Times Index, STI closed 7.37 points lower than the last market closed. The market is continued to have the festive mode.

DSICLAIMER

Information provided here is of the nature of a general comment only and no intend to be specific for trading advice. It has prepared without regard to any particular investment objectives, financial situation or needs. Information should not be considered as an offer or enticement to buy, sell or trade.  

The above result is for illustration purpose. If particular stocks of such are mentioned, they are meant as demonstration of AmiBroker as a powerful charting software and MACD characteristics. AmiBroker can program to scan the stocks for buy and sell signals.

The MACD signal should use with price action. Users must understand MACD and price action before using them. If necessary you should attend a course to learn more on Technical Analysis (TA) and Moving Average Convergence Divergence (MACD).

You should seek advice from your broker, or licensed investment advisor, before taking any action.

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.