13 September, 2018
Market having a weak heart?
Singapore Stock Stories
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U11 United Overseas Bank UOB Charting
Study Support Resistance
To maximize your profit and minimize risk is to buy low sell high, or in other words, buy support sell resistance.
Study United Overseas Bank stock price. Use buy support sell resistance strategy. Remember to take profit when the price action breakout below the bullish trend line. See chart picture worth a thousand words.
Stock price after breakout 31 dollars and begin to fail. The price action moves in a very clear and nice H M Gartley ABCD, a bearish ABCD pattern. The projection of the cd leg may end below 25 dollars. See chart picture worth a thousand words.
Trade with eyes open.
Manage your risk.
September 12, 2018 United Overseas Bank Buy Hold Strategy
Zoom in, we see the price action of he CD leg will be near 25 dollars region. For perfect ab=cd pattern, it is likely landed at 24 dollars. Trade with eyes open, manage your risk.
September 12, 2018 United Overseas Bank and ABCD Pattern
Moses
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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.