13 October 2018
Singapore Stock Stories
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F31 Fragrance Group Charting
Study Support Resistance and Apply Buy Low Sell High Strategy
To maximize your profit and minimize risk is to apply buy low sell high strategy, in order to apply the strategy you have to identify the support resistance. Study Fragrance Group stock chart, picture worth a thousand words. See chart, the price action went from below one cents to all the ways to near 27 cents in 2012. The price action forms a H M Gartley ABCD pattern down to 15 cents, and again further now to 13 cents. If you look back, before reach the peak, the price action also follow H M Gartley ABCD pattern to move to the high. So, don’t play play. H M Gartley page 222 wave pattern is a powerful pattern.
Trade with eyes open.
Manage your risk.
October 12, 2018 Fragrance Group Buy Hold Strategy
If you can see the whole chart, “press Ctrl and -” to zoom out.
Add a MACD indicator, see chart. The price get lower, and MACD and MACD signal forms higher low.
October 12, 2018 Fragrance Group and MACD
Moses
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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.