18 October 2018
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Singapore Stock Stories
AW9U First REIT Charting
Study Support Resistance and Apply Buy Low Sell High Strategy
Study First REIT stock chart, see chart picture worth a thousand words. The stock price has drop from high at 2018 to the low now The price action has drop from 1.42 dollars to now 1.2 dollars.
Reference to moving averages, and price action bouncing above 34 period MA band, or river. The price action is in a bull trend. Thereafter after the high of 1.42 dollars, the price closed below river and stay below river. 34 period MA band crosses below 200 ma and stay below. This is a sign of bear trend.
Reference to H M Gartley 222 pattern, you can almost find the pattern everywhere on this chart.
Trade with eyes open.
Mange your risk.
October 17, 2018 First REIT and River and H M Gartley 222
If you can see the whole chart, “press Ctrl and -” to zoom out.
Add MACD indicator, see chart picture worth a thousand words.
October 17, 2018 First REIT and MACD
Moses
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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.