25 September 2018
Singapore Stock Stories
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U11 United Overseas Bank aka UOB Bank Charting
Study Support Resistance
To maximize your profit and minimize risk is to buy low sell high, or in other words, buy support sell resistance.
To understand the price action better, add moving average high, low and close. We see the price action close below MA, or MA Band. Besides that the MA band is slopping down. Price action also resisted by MA Band.
In additional to buy support sell resistance, you should also wait for the price action to close above MA, and MA begin to slop up. All in all, trade with eyes open.
Trade with eyes open.
Manage your risk.
September 24, 2018 United Overseas Bank and MA Band
If you can see the whole chart, “press Ctrl and -” to zoom out.
Moses
AmiBrokerAcademy.com – we are different
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.