14 September 2018
Let read the chart from a different view, …
Singapore Stock Stories
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D05 DBS Group Holdings DBS 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.
We can use a very powerful support resistance to see the chart. Month high low is a great and powerful support resistance. See chart, picture worth a thousand words.
Trade with eyes open.
Manage your risk.
Zoom out, we add Fibonacci retracement. We see the price action pullback all the way to the 61%. Will the price action stop here. Will see. Let check the Fibo extension. Read next chart.
Manage your risk.
See chart, Fibo extension. Can this the projection of where the price action might landed? Will see. Trade with eyes open. Manage your risk.
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.