1 July 2021
Welcome!
Welcome to AmiBroker Academy dot com, amibrokeracademy.com.
Last Review
We did a review on ST Index price action chart in March, See link ST Index Analysis. The most recent one was yesterday ST Index price action chart. Check it out.
We use 1) Ichimoku Cloud, 2) Support Resistance (using box), 3) River (moving average), 4) GMMA and Woodies CCI, 5) Bollinger Bands and Moving Averages, and 6) MACD to analyse the stock chart, or chart.
We translate what the price action tell us, ie Picture worth a thousand words. We publish Moses Don’t Play Play Chart almost daily. Have fun!
1) ^STI | ST Index | Straits Times Index and Dow Jones Index Correlation
Correlation chart is a good way to understand your current market verse the market you wanting to bench mark. In our example here, we bench market Singapore ST Index with US Dow Jones Index, DJI.
We see the Slow MA (200 period) slopping down first before turning up for Singapore Stock Exchange STI, as compare to US Dow Jones, the 200 MA first near flat than slopping up.
In the last two months, May and June, for Index were slopping down. So, the market emotions were about the same.
Conclusion 3250 level could be a ceiling for STI.
Manage risk is a key in trading.
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Official AmiBrokerAcademy.com Charting
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.
We learn from many past and present great traders. Kudo to these master.