March 2, 2018
15th Day CNY YuanXiaoJie 元宵节
March 2, the 15th day of Chinese New Year. Many will gather as it is also called The Lantern Festival or the Spring Lantern Festival. It marks the final day of the traditional Chinese New Year celebrations. It has become identified as the Chinese equivalent of Valentine’s Day.
So, today is one of the most important day especially the night. The full moon will join the lantern to brighten up the garden for the gathering.
Happy Yuan Xiao Jie! Happy (Chinese) Valentine Day! Huat Ah!
元宵节 (Source: What’s Apps Group)
Powerful Chart Software – AmiBroker
The following chart is produced using AmiBroker charting software. It is a powerful chart software. You plot the stocks you are interested all in one chart, as long as you still could read them. See chart below. Thereafter slowly climb up, step by step.
Singapore Stock Analysis
O32 Olam International and Fibonacci Extension
Study chart for more, picture worth a thousand words, swing low to high draw a Fibonacci Extension, the price action breakout 127% and almost touch 150%. But the price fail and decline since than, the price breakout below the high, 0%. The pullback was strong, and the price action rebounce and retest the 127%.
We could easily spotted a ABCD pattern, push the CD leg to touch the 127%. This is a ABCD Sell pattern.
Manage your risk!
20180228 Olam International and Fibo Extension Swing Low to High
Moses Singapore Stock Analysis
AmiBrokerAcademy.com
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.