November 30, 2017
Singapore Stock Analysis
W05 Wing Tai Holdings and Channel
See chart, Wing Tai stock price after hit the upper channel, the stock price start to retrace lower. The recent resistance seems to stopping the price from falling lower; resistance turns support.
Channel is a great visual tool as compare to trendline. It provides a lot more information about the market emotions. From the channel, Wing Tai stock seems to be a good buy. The stock price has been forming higher high and higher low.
Powerful Chart Software – AmiBroker
The following chart is produced using AmiBroker charting software. It is a powerful chart software. You can easily add the channel. See chart.
November 29, 2017 Wing Tai Holdings and Channel
W05 Wing Tai Holdings and Support Resistance
See chart, resistance turns support. With such a understanding it helps in trading.
November 29, 2017 Wing Tai Holdings and Support Resistance
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.