April 8, 2017
Welcome to Moses’s Singapore Stock Analysis @ AmiBrokerAcademy.com.
S08 Singapore Post Charting and MACD Indicator
Study the chart, you see the price starts from the top left and move down to right bottom. It is clearly a downtrend. MACD is signal a trend ending. So, what is your thought?
April 7, 2017 Singapore Post and MACD Indicator
S08 Singapore Post Charting and Channel
Connecting the low and draw a parallel line that connecting the high. This forms a channel. When using the channel strategy, you will buy bottom channel and sell top channel.
Picture is worth a thousand words. So, wait for the price to go to the top before you sell. Or you buy and wait the price to meet the top.
Choose your stand.
April 7, 2017 Singapore Post and Channel
S08 Singapore Post Charting and Channel
As we has analyse the chart, you see the price starts from the top left and move down to right bottom. It is clearly a downtrend. Let’s check where are the level the price is kept repeating; see the blue band. Of course you may see differently. It is okay.
In the price action, the price has formed a high higher than the recent high. So, what the picture tells you.
April 7, 2017 Singapore Post Downtrend
Moses
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.