Moses’s Free MACD Singapore Stock Scan – April 25, 2016
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April 25 Singapore stocks MACD scan that has MACD bullish or bearish signals. The Singapore stock market benchmark, Straits Times Index closed at 2900.28 points. STI gap down and closed below open. Picture worth a thousand words.
Technical Analysis
Straits Times Index pullback and breakout below neckline. Is it the right shoulder breakout a whipsaw?
Trading takes two sides; buy and sell. The trend moves north, because there are more buyer wanting to buy as compare to seller. Traders place their trade base on their believe. Trend is like big ship, it will take a lot of strength to change direction.
If you are new here, please check the previous posting on Straits Times Index analysis or other analysis.
Straits Times Index, ^STI
Inverted Head and Shoulders, reversal or pullback. the index goes below the neckline. STI open 2930.61 points gap down and close lower, STI closed 2900.28 points.
If the breakout fail, this will become a whipsaw.
April 25, 2016 Straits Times Index, ^STI
Two Months Straits Times Index Daily Data
April 25, 2016 Straits Times Index, ^STI
April 25, 2016 Free Singapore Stock MACD Scan Results
Eliminated stocks less than $0.35, and less than 500,000 stocks changed hand. Twenty five (25) stocks have MACD bullish or bearish signal. Out of 25 stocks, 3 stocks have bullish MACD signal and 22 stocks have bearish MACD signal. These are script generated results, sorted by volume. The market is very bearish, based on the MACD signals.
The MACD screener is written using AmiBroker AFL script. AmiBroker is a powerful charting software.
April 25, 2016 Free Singapore stock MACD Scan Results
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Moses Stock Analysis and Scan
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