Moses’ MACD Stock Scan

Moses’ MACD Stock Scan – May 5, 2014

Moses uses powerful charting software, AmiBroker’s explore feature to scan through 730 stocks that listed in Singapore Stock Exchange, SGX to find Moving Average Convergence Divergence (MACD) bullish and bearish signals. The signals are MACD line above and below zero lines, signal line cross above and below MACD line, and so on.

MACD scan setup is 12 26 9; 26 period slow moving average, 12 period fast moving average, 9 period signal line moving average.

The Straits Times Index, STI use capitalization weighted stock market index to benchmark Singapore stock market. It is the performance of the top 30 companies listed on Singapore Stock Exchange, SGX.

May 5, 2014 SGX stock performance, market benchmark Straits Times Index, STI closed at 3241.6 points,  another10.95 points lower from last Friday closed at 3252 .55 points. Investors and retailers are even more cautions. Although many looking for good buy, there are many begin to take profit.

There is a strong support zone, 3220. Can the support hole the fall, so the STI can complete the AB=CD geometry chart pattern? Will see.

May 5, 2014 Straits Times Index, STI Daily Chart

May 5, 2014 Straits Times Index, STI Daily Chart

May 5, 2014 Free MACD Scan Results

Get free stock market scan results, Moses’ Stock Corner. Moses provides list of Singapore stock base on

1. MACD line crosses above MACD signal – Bullish trend
2. MACD line crosses above zero line – Bullish trend
3. MACD Histogram +ve Divergence – Bullish trend
4. MACD line crosses below MACD signal – Bearish trend
5. MACD line crosses below zero line – Bearish trend
6. MACD Histogram -ve Divergence – Bearish trend
7. Volume traded greater 500,000 shares

Moses

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