July 26, 2017
Singapore The Straits Times Index Analysis
Bull, strong bull.
^STI Singapore ST Index and 34 MA Band
See chart for more, picture worth a thousand words.
STI The Straits Times Index is bouncing above MA, the 34 MA band. Although it has cross below the 34 MA band but cross back up again quickly. And it breakout higher than the last high. The breakout is strong, as the high was test and retest a few times.
Strong bull. The the chart show bullish trend.
200 MA slopping up too.
July 25, 2017 Singapore ST Index and 34 MA
Slopping Up ^STI ST Index and Channel
Channel slopping from bottom left to top right. Bullish bias. Picture worth a thousand words. See chart for more.
STI is now near the upper channel, and resisted by the upper channel trendline. The Index may retrace down first before breakout higher. Watch! Wait One More Day.
July 25, 2017 Straits Times Index and Channel
^STI ST Index and MACD
After we study the STI using channel, moving average, 34 MA band and now let’s see ST Index from MACD indicator point of view.
What can you get from the chart?
MACD has a MACD Cross Up Signal, the trend is bull strong, be aware. Besides the MACD fail to cross below zeroline a few times. So the Strength got to be powerful.
July 25, 2017 The Straits Times Index and Major Level, 3300, and 3200 and MACD
Thanks for visit the site here. You could also find free MACD scan here in this site too.
You can find other index analysis such as HSI, SSEC or Dow here. Check it out.
Moses
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.
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