13 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.
From H M Gartley, we see a potential that the price action will continue to go lower, and probably test 2900 region. But from MACD indicator, we see +ve divergence. The price action may be taken a U turn soon. Trade with eyes open and manage your risk.
Trade with eyes open.
Manage your risk.
September 13, 2018 Straits Times Index and MACD Divergence
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.