24 August 2020
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U11.SI United Overseas Bank, D05.SI
DBS Group Holdings and O39.SI
Oversea-Chinese Banking Corporation Correlation Stock Charting
Study United Overseas Bank aka UOB, DBS Bank and OCBC Bank Stock Correlation Charting and Price Action.
Picture worth a thousand words. See chart.
Trade with eyes open. Mange your risk.
Price Action
Price Action moves in zigzag manner.
Support Resistance or Trendline
Buy Support Sell Resistance.
Moving Average
Moving Averages, is a great visual tool for trending.
Other than OCBC Bank price action below 20 MA, the rest of the other two banks are above 20 MA.
All three local banks price action are below 200 MA.
Moses Stock Observation
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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.