30 September 2018
Singapore Stock Stories
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G01 Nam Lee Pressed Metal Inds Charting
Study Support Resistance and Apply Buy Low Sell High Strategy
To maximize your profit and minimize risk is to apply buy low sell high strategy, in order to apply the strategy you have to identify the support resistance. Study Nam Lee Pressed Metal Inds stock chart, picture worth a thousand words, see price action from 18 cents in 2009. The price action had a bull trend, and ABCD pattern and tested 43 cents. See chart, picture worth a thousand words. You spot many ABCD patterns.
Trade with eyes open.
Manage your risk.
September 28, 2018 Nam Lee Pressed Metal Inds and ABCD
If you can see the whole chart, “press Ctrl and -” to zoom out.
Moses
AmiBrokerAcademy.com – we are different
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.