12 September, 2018
Singapore Stock Stories
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^STI The Straits Times Index 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 The Straits Times Index price action. Use buy support sell resistance strategy. Remember to take profit when the price action breakout below the bullish trend line. See chart picture worth a thousand words.
STI after 3650 and begin to fail. The price action almost hit 3150 level. The price action rebounce up to 3350 level. Then the ST Index begin to drift south again. And the price action move in a bearish ABCD pattern. The price action now touch 3110. If you step back, you will notice that now we are in the CD leg of the bigger ABCD pattern.
Trade with eyes open.
Manage your risk.
September 12, 2018 Stratis Times Index and ABCD
To find a entry, zoom in and add indicator like MACD. We could see price action and MACD signal correlation. Trade with eyes open. Manage your risk.
September 12, 2018 Straits Times Index and MACD
To find a entry, zoom in and add indicator like MACD. We could see price action and MACD signal correlation. Trade with eyes open. Manage your risk.
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.