Frasers Commercial Trust Breakout Higher the Key Level | Moses Stock Analysis

May 12, 2017

 

Frasers Commercial Trust (FCOT) recently posted a 2.4 per cent rise in distribution per unit for the second quarter to 2.51 cents, compared with 2.45 cents for the same period a year ago.

 

Read more about  Frasers Commercial Trust Q2 profit from The Straits Times, DPU up 2.4% for Frasers Commercial Trust in Q2.

Breakout Higher the Key Level Frasers Commercial Trust

Picture worth a thousand words. See the chart below, the Frasers Commercial Trust stock price is breaking out higher from the key resistance.

2017 begin to be a great year for Frasers Commercial Trust.

Price action cross up 34 EMA Wave. Before 2016 the price action was below the 34 EMA Wave.

May 11, 2017 Frasers Commercial Trust and EMA Wave

ND8U Charting and MACD Indicator

Picture worth a thousand words. MACD Divergence.

May 11, 2017 Frasers Commercial Trust and MACD Indicator

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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.

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