February 22, 2018
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. Thereafter slowly climb up, step by step.
O39 Oversea Chinese Bank Corporation and Fibonacci Retracement
See chart for more, picture worth a thousand words the price action swing low to high, the price action followed on a near 61.8% retracement. The price action continue with a rebounce. Now what will happen this week, the trend continue or may be pullback on the last few days of trading. Will see.
Manage your risk.
Past week has been a tough market for those strong heart treaders.
20180221 Oversea-Chinese Bank Corporation and Fibonacci Retracement
O39 Oversea Chinese Bank Corporation and MA Band and ABCD Pattern
Let’s study the chart using other tools, such as MA Band and H M Gartley ABCD. We see a slopping MA , followed by a flat move. Trend change? The next few candlesticks may give you more clues.
Manage your risk.
20180221 Oversea-Chinese Bank Corporation and MA Band and ABCD
O39 Oversea Chinese Bank Corporation and MACD
Has MACD provides more clues on the trend? Will may be. Manage your risk.
20180221 Oversea-Chinese Bank Corporation and MACD
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.