Bearish Week | STI Straits Times Index and Fibonacci Retracement Swing High to Low | AmiBrokerAcademy.com

March 4, 2018

 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. Thereafter slowly climb up, step by step.

 Squirrel at Park

Squirrel at the park (Photo taken by Moses, AmiBrokerAcademy.com)

 Singapore Stock Analysis

STI Straits Times Index and Fibonacci Retracement Swing High to Low

 

Study chart for more, picture worth a thousand words using Fibo retracement, swing high to low. The price action pullback to test 78.6% and breakout 78.6%, but thereafter the price action fail and decline again.

Manage your risk!

 

20180302 STI and Fibo Retracement Swing High to Low

 

 

Bearish Engulfing Candlestick Pattern ST Straits Times Index 

See chart, although candlestick does not determine the trend, but the candlestick pattern provide you a clue on the possible trigger for the trend.  

Manage your risk.

20180302 STI and Fibo Retracement Swing High to Low and Bearish Engulfing

Moses Singapore Stock Analysis

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.