January 10, 2018
As promise we will check the correlation of STI and local major banks UOB, OCBC and DBS. See the following post for more.
Singapore Stock Analysis
^STI The Straits Times Index and Year High Low
STI touch 3524 level and has no sign of pullback. Check out ABCD pattern. May be the bounce is about to exhaust, so get ready. See the levels, ST Index is near 2015 high, so what!
Powerful Chart Software – AmiBroker
The following chart is produced using AmiBroker charting software. It is a powerful chart software. You plot the stocks you are interested all in one chart, as long as you still could read them. See chart below.
January 9, 2018 Straits Times Index Year High Low From 2015
STI The Straits Times Index and Three Singapore Local Banks UOB OCBC and DBS Correlation
See chart, STI trys to breakout lower near 3200 level, but fail. STI than bounced up and bounced up again, now STI is approaching 2015 high. What about the three local banks? See the correlation, picture worth a thousand words. See chart for more.
January 9, 2018 Straits Times Index and Three Singapore Local Banks Correlation
ST Index and Levels
January 9, 2018 The Straits Times Index and Levels
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.
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