21 April, 2018
Singapore Stock Analysis
OV8 Sheng Siong Group and MA Wave
See chart using MA, add the high, low, and close MA. You can see a river or wave. Study the Wave direction, you find the wave is pointing between twelve and one o’clock direction. The trend is very bullish. Manage your risk.
When you look left, you will find the price action cross down below the river and get above the river and cross below it again. Finally, the price action was supported by the MA wave. The resulted a bullish trend for the last ten days.
April 19, 2018 Sheng Siong Group and Wave Direction
OV8 Sheng Siong Group and Fibonacci
Study the chart again, using Fibonacci. Swing low to high, add the Fibonacci Retracement. You can see the stock after tested 1.15, the stock price refuse to breakout any higher. On the contrary, the price action continue to form bearish ABCD pattern, although the CD leg were too far to complete for AB=CD. But the bearish ABCD pattern were obvious.
Manage your risk.
April 19, 2018 Sheng Siong Group and Fibo Retracemet Low to High
Moses Singapore Stock 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.
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