17 October 2018
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Singapore Stock Stories
5UX Oxley Holdings Charting
Study Support Resistance and Apply Buy Low Sell High Strategy
Study Oxley Holdings stock chart, see chart picture worth a thousand words. The stock price has returned to 2016 low. If you apply buy and hold strategy, you probably sweating.
Reference to H M Gartley 222 pattern, the stock price goes from the low slightly above 30 cents to the high of above 60 cents. … Then the price action follow the ABCD to the low near 30 cents. See chart.
Trade with eyes open.
Mange your risk.
If you can see the whole chart, “press Ctrl and -” to zoom out.
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.