February 16, 2019
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U11 United Overseas Bank aka UOB Stock Charting
Study United Overseas Bank stock chart.
We use boxes, mark the high and low of a month. We could see strong level easily.
See chart, picture worth a thousand words.
Trade with eyes open.
Use moving average, add high low and close 34 period MA. See chart. We see Dead Cross. Now both fast and slow MA are converging. Will see the development.
Add MACD indicator, we see positive divergence, see chart. We see the stock price begin to reverse.
Moses Stock Chart Analysis
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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.