March 14, 2018
How Does You Make A Trade Decision?
By reading the price action on the chart in front of you.
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
O39 OCBC Oversea-Chinese Bank Corporation and Fibonacci
We did a benchmark of the local three major banks, let study the bank stock individually. See chart for more, using Fibonacci Retracement, swing low to high, we see a pullback similar to US Stock indexes during the February correction. The pullback supported by the 61% and rebounce. The rebounce breakout higher than the before the high for correction. Study the rebounce, the bull trend was very strong. Can the momentum push the stock price higher? Likely. The stock price may test the 127% resistance. Will see. Manage your risk, don’t just follow blindly, trade with your eyes open. Manage your risk.
Repeat, manage your risk!
March 9, 2018 Oversea-Chinese Bank Charting
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.