April 25, 2017
The quarterly report will be available soon. Sell? Hold? Good News? Bad New?
Is It Time to Take Profit Before Trapped?
This is the question that all traders want to know…when the heck should I exit to either take profit or get out?
O39 Oversea-Chinese Banks Corporation Daily
Price keeps rejected to breakout higher. The price is now at the critical point to move higher of 2017. The price is bounced off the second channel and move lower. The price has also touch the lower channel.
Picture worth a thousand words. See chart for price action
April 25, 2017 Oversea-Chinese Banks Corporation and MACD Divergence
O39 Oversea-Chinese Banks Corporation Daily and Support Resistance
We have analyse the channel. The price is bounced off higher from the formal resistance turns support. We see very strong resistance. Three months the price can not breakout higher. See chart for the details, picture worth a thousand words.
April 25, 2017 Oversea-Chinese Banks Corporation and Support and Resistance
O39 OCBC Daily and 34 EMA Wave
Look for the month high and low to find ‘good’ support and resistance. Now study the moving averages, we see the price caught inside the moving average bands.
April 25, 2017 Oversea-Chinese Banks Corporation and 34 EMA Wave
Moses Stock Analysis
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.