29 August 2016 One Day MACD Scan Result for Stocks Listed in SGX

29 August 2016

Monday 29 August 2016 Singapore Stocks One Day MACDScan for Stocks closed 500K and more and the following signals

1. MACD line crosses above MACD signal – Bullish trend
2. MACD line crosses above zero line – Bullish trend
3. MACD Histogram +ve Divergence – Bullish trend
4. MACD line crosses below MACD signal – Bearish trend
5. MACD line crosses below zero line – Bearish trend
6. MACD Histogram -ve Divergence – Bearish trend

What is MACD Singnal?

Moving Average Convergence Divergence, MACD oscillator, is a trend following momentum indicator that shows the relationship of two moving averages of prices action; the MACD line and signal line.

Four entry methods:

1. Crossovers – Sell Strategy, MACD crosses below the signal line. Buy Strategy, MACD rallies above the signal line. It is advisable to wait for confirmation to reduce possible whipsaw.
2. Divergence – The security price action diverges from the MACD. It signals the end of the current trend.
3. Cross Zero Line – MACD moves above or below zero line. Upward trend: Cross above zero line, short MA above long MA. Downward trend: Cross below zero line, short MA below long MA.
4. Dramatic rise or fall – MACD rises or decline dramatically – when the shorter moving average pulls away from the longer-term moving average – Oversold or Overbought.

Moses MACD Scan

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