August 1, 2017
C52 ComfortDelgro Corporation and 34 MA Band
See chart for more, picture worth a thousand words.
Double bottom, retest the double bottom and breakout below the double bottom. The share price resisted by the double or triple bottom.
See the MA, the 34 MA Band, the share price cross below 34 MA Band and get resisted by the 34 MA Band, …
When price actin below MA, bearish. When the share price gets below 34 MA Band, bearish.
The stock price has been bearish. Only until the share breakout higher then the double or triple bottom. We will than can think the reversal has kicked in.
Watch your trade. Remember, professional buy low and sell high.
34 MA Band
Check the 34 MA Band direction, below four o’clock. Bearish.
August 1, 2017 ComfortDelgro Corp and 34 MA Band
C52 and MACD Indicator
Price continues to move lower. MACD signal cross below zeroline, and MACD continue to stay below zeroline.
We see share price forming a lower low, and MACD and MACD-H is forming a higher low.
August 1, 2017 ComfortDelgro Corporation and MACD Signals
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.