2 November, 2019
Welcome to AmiBrokerAcademy.com.
Remember all setup can fail. What you read is a technical analysis, if you are not familiar with TA please moves on.
^STI Straits Times Index Stock Chart
Study Straits Times Index stock chart and AB = CD pattern.
Look left and think right. Be careful what you ask for!
See chart, picture worth a thousand words.
Price Action goes from low to high to possible low again. On the other hand, retest the low. See chart. This is a weekly chart. We look back to as far as 2016 low or bear trap.
If the market emotion continue to be weak. The test of 2700 level or lower are all possible. But when? Don’t know.
Study the Woodies CCI to find your short-term entry.
Trade with eyes open.
Moses Stock Observation
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.