Be extreme caution! Singapore stocks market benchmark, Straits Times Index gaps up at 2705.26 points, however the market is remain weak and closed below at 2688.10 points. So, all in all it is 6.33 points lower than the previous closed.
The traders and investors are lack of confident in quick to take profit. Even the US markets have showed rally after the more than the expected thanksgiving sales.
See the STI and Dow Jones Stocks Index, DJI correlation chart for illustration.
The MACD scanner has pick 9 stocks on market closed 29 November. These stocks pass the scan criteria for volume exceeding 100K and price closed above $1. 6 out of 9 were bullish even with the week market.
| Ticker | Type | Close | Vol.(K) | Screening Result |
| N21 | bullish |
1.12 |
90393 |
MACD Cross-Up Signal |
| N03 | bullish |
1.045 |
11932 |
MACD Cross-Up Signal |
| C52 | bearish |
1.385 |
2922 |
MACD Cross-Down ZeroLine |
| CC3 | bearish |
2.82 |
2453 |
MACD Cross-Down Signal |
| T39 | bearish |
3.85 |
1611 |
MACD Cross-Down ZeroLine |
| ME8U | bullish |
1.07 |
568 |
MACD Cross-Up Signal |
| MA6Z | bullish |
1.005 |
194 |
MACD Cross-Up Signal |
| J69U | bullish |
1.455 |
180 |
MACD Cross-Up Signal |
| R01 | bullish |
2.15 |
107 |
MACD Cross-Up Signal |
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 characteristics. 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.