July 31, 2017
True or true?
Some say ST Index has been pushed up by the three local banks here. True or true?
U11 UOB United Overseas Bank and Level
See chart for more, picture worth a thousand words.
Bullish, share price breakout higher and retest the support, resistance turns support. Share price resumes the trend again.
Share price has been bullish since third quarter of 2016, see chart.
July 28, 2017 UOB United Overseas Bank and Key Levels
U11 United Overseas Bank and MACD Indicator
Price continues to move higher. MACD signal cross up and continue to bounce up. Bullish.
MACD fail to cross down zeroline. Wow!
July 28, 2017 United Overseas Bank and MACD indicator
When we analyse one local bank. We will also analysis the other two major local bank. Check OCBC and DBS posting on the website.
Remember, trading is all probability.
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.