November 13, 2016
Singapore Stock – S59 – SIA Engineering
Head and Shoulders
See example of the HS on the following chart.
The left shoulder is made up of a high followed by a low. In the HS pattern, the neckline is a level of support. Remember that an upward trend is a period of successive rising highs and rising lows. The head and shoulders chart pattern, therefore, illustrates a weakening in a trend by showing the deterioration in the successive movements of the highs and lows.
Inverted Head and Shoulders
Inverted Head and Shoulders is the opposite of HS, the left shoulder is made up of a low followed by a high. In the Inverted HS pattern, the neckline is a level of resistance. The head and shoulders chart pattern, is a weakening of a downtrend.
Catch the Falling Knife
Catch the falling knife; at some point the price action will retrace back up again. When? Wait the the signal; the price bar must start to close backup a bar high to start with. If it can close strong above, it gives a very good momentum. Wait.
S59 | SIA Engineering Daily Stock Chart with Head and Shoulders
November 11, 2016 S59 Sia Engineering Daily Chart
S59 | SIA Engineering Stock Chart and MACD
It is always good to study the chart with number of different indicator in additional to clear chart with no indicator except candlesticks. This will give you a number of perspectives and just not one blinded view. This is why you may see a number of the different chart of the same stock with different consideration. Pick the one you can be convinced for action. Have fun!
November 11, 2016 S59 SIA Engineering Daily Stock Chart
Moses Stock Desk
AmiBrokerAcademy.com
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