January 29, 2017
Top Singapore Trading Blog Site – AmiBrokerAcademy.com
Thank you for your visit. No one have time to blog like us. But we at AmiBrokerAcademy.com will just do our best in analyse the chart to share it with you.
Welcome to Moses’s Singapore Stock Analysis @ AmiBrokerAcademy.com.
V03 Venture Corporation Daily and 34 EMA Wave
Many trader like to buy high and sell higher. As when they notice the stock price is breakout, and they jump in. It ends up Buy High and Sell Higher. Wee do not like this strategy. This increase the risk. In V03 stock trend, we see a pullback the price supported by the key level before it bounce up again.
Since we prefer to trade retracement; to achieve the buy low sell high strategy. We will like to find entry when the price get supported again.
January 27, 2017 Venture Corporation Daily and 34 EMA Wave
V03 Venture Corporation Daily and MACD Indicator
Let’s look at the chart using a different an approach, add an indicator, MACD indicator. We can spot the divergence, the price forms higher high but the MACD just forms low high.
But, the trend fail to change direction as the MACD has cross up zeroline and the MACD Histogram also stay above the zeroline.
The price may not be ready the break lower yet. Wait.
Take the key level as a guide. If the price action breakout lower than the key level. Could short when the price retrace and resisted by the key level. Have fun!
January 27, 2017 Venture Corporation Daily and MACD Indicator
Moses
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.