10 November, 2019
Welcome to AmiBrokerAcademy.com.
Remember all setup can fail.
What you read now is a technical analysis, if you are not familiar with TA please moves on. TA used to project the future price action movement.
Look left and think right.
^STI Straits Times Index Stock Chart
Study Straits Times Index stock chart and using month high low.
Look left and think right. Be careful what you ask for!
See chart, picture worth a thousand words.
To look for strong level and understand how the market look at the market, using the month high low. We use boxes for the month high low.
We see 3,600 level, 3,350 level, and 3,000 level. It is very obvious that the price action is now near the 3,000 level. While US stock market might be topping. And Singapore stock market might be bottoming. Study the Dow Jones Industrial Average Index.
We are just the opposite of the US stock market. So as we analyse in the past that a possible bull CD leg are in progress. Is it possible? Of course, all are possible for stock market. Don’t play play.
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.