December 19, 2018
Think think got more things.
Thanks for visiting the site.
^STI ST Index Charting
When you study The Straits Times Index, some may link it with the economy. Say what you like, the market emotion just do not feel good. The market is weak, the cash is flowing out of stock market for sure. Why? Market emotion.
You must understand, channel is a very powerful tool. The market does not simply just change from the bull to bear. There is always a bargain, see the retest of the resistance before confirm, the bear is taking over.
So, it does not matter what the economy number. Especially if it is marginal higher than last year. But for sure 2017 was a bull year, but not 2018. See chart, picture worth a thousand words.
Trade with your eyes open.
if you can see the full chart, “press Ctrl and -” to zoom out and see the entire chart.
Moving Average is a great visual tool, but support and resistance is definitely a very important tool too. See the month high low from before 2016. We see 2018 was try to test and breakout higher that 2015 high, but fail. See chart.
Next, we also see the low was testing the 2016 resistance. See chart.
MACD is a leading indicator, see chart. On trend change. Can the price action reverse, will see.
We see a ABCD up and ABCD down, the CD leg is still in progress. See chart.
Moses US Stock Chart Analysis
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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.