25 September 2018
Singapore Stock Stories
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O39 Oversea-Chinese Banking Corporation aka OCBC Charting
Study Support Resistance
To maximize your profit and minimize risk is to buy low sell high, or in other words, buy support sell resistance.
Study OCBC stock price. We did an analysis recently, if you are interested, search the site for the analysis.
The stock price tested the high of 14 in May this year, the stock price fail to reach higher. The price action begin to go bearish. See chart, picture worth a thousand words. After the triple top, the price action forms double bottom. The price action has not broke the neckline.
We add MACD indicator, study the price action and MACD and MACD signal. Picture worth a thousand words.
Trade with eyes open.
Manage your risk.
September 24, 2018 Oversea-Chinese Banking Corporation and MACD
If you can see the whole chart, “press Ctrl and -” to zoom out.
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.