February 24, 2020
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F83.SI COSCO Shipping International (Singapore) Co Stock Charting
Study COSCO Shipping International (Singapore) Co stock chart price action and MACD and MACD Divergence.
See chart, picture worth a thousand words.
MACD is an oscillator indicator.
When price action goes lower and MACD or MACD Histogram forms higher high, MACD or MACD Histogram Divergence.
Or price action goes higher and MACD or MACD Histogram forms lower high, MACD or MACD Histogram Divergence.
MACD Divergence is like a traffic light. What’s a traffic light for? Signal there is a possibility change in flow direction. Do you have to stop at every traffic light everytime? Only sometime, right.
So, it is true too for all setup can fail.
Trade what you see and not what you think.
Trade with your eyes open.
Moses Stock Observation
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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.