14 October 2018
Singapore Stock Stories
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C52 ComfortDelGro Corporation 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 ComfortDelGro Corporation daily stock chart, picture worth a thousand words. See chart, the price action went from the top near 3.30 dollars and follow H M Gartley 222 wave to test the low at 2.40 dollars. If you are H M Gartley enthusiast, you probably could see anotherr ABCD pattern to test the low below 1.90 dollars.
Trade with eyes open.
Manage your risk.
October 12, 2018 ComfortDelGro Corporation and H M Gartley
If you can see the whole chart, “press Ctrl and -” to zoom out.
Zoom in, with moving averages. Add 34 period, high, low and close Moving Averages, or River. We see the price close below River, close below 200 period moving average. On October 10, the stock price crash 5% to end at 2.25 dollars, after understand next month Indonesia Go-Jek to enter Singapore market.
Who is Go-Jek? GO-JEK is a technology startup based in Jakarta, Indonesia. Go-Jek specialises in ride-hailing, and logistics.
October 12, 2018 ComfortDelGro Corporation and River
I like to share with you a story.
Of course you know this is not what the teacher expected.
The moral of the story is the same fact, different people will have different understanding. This will be true for Go-Jek lands in Singapore. Some will think this is go for ComfortDelgro, but others may be worry.
Moses
AmiBrokerAcademy.com – we are different
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.