July 1, 2017
-ve Divergence! OCBC The Oversea-Chinese Bank Corporation
Can you see the key resistance? For three months, the high is the same, there must be a reason the price stop to go higher. Do you know? I don’t! And I have no time to worry.
But from the chart, we see a breakout of the three months high, resistance. And the breakout did not disappoint us, as it breakout fast and far. In other words, next time when you see there is a few months support and resistance. Be sure the true breakout will be powerful.
Picture worth a thousand words, You see a -ve divergence forms on the MACD. So, the trend is weaken, or going to be weaken.
MACD signals adds the directional sense. But, trade what you see and not what you think! Okay?
June 30, 2017 The Oversea-Chinese Bank Corp, OCBC and MACD and Major Support Resistance
Moses 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.