January 29, 2017
Good Morning Rooster! Weaky! Weaky!
Today January 29, is the second day of Chinese New Year. Continue to wish all traders and their loved ones a great Rooster year ahead and end the Monkey business (last lunar year is Monkey, so do not mistaken I am rude. I am just writing in plan English language.)
Welcome to Moses’s Singapore Stock Analysis @ AmiBrokerAcademy.com.
U14 UOL Group Daily and MACD Indicator
Picture worth a thousand words. You may consider to buy high and sell higher. Will we do not recommend that. In trend like this we can see the point of entry.
We will prefer for the pa to retrace lower, to achieve the buy low sell high strategy. We will like to find entry where either at the support or resistance.
Well, this is just us at AmiBrokerAcademy.com. You can trade your style. We believe there is no right no wrong in anything in life, of course that include trading. Have fun!
How to trade?
We look out for setup that the price is supported or resisted. We will ride the wave, trend if possible.
So, we believe no signal no trade, no entry no trade.
January 27, 2017 UOL Group and MACD Indicator
U14 UOL Group and 34 EMA Band
Let’s look at the chart using a different an approach, add the moving average, a special moving average Wave. We add 34 EMA for High, Low and Close using 34 period. 34 is also a Fibonacci number. This even makes this band even more meaning.
You can call it a band, we call it wave, 34 EMA Wave.
Price action has crossed up the wave and get supported by the wave. We see the wave flying above the 34 EMA Wave, and the price action floating above the wave.
However, the wave direction is pointing at 1 o’clock. The price action is very strong, very bullish base on the 34 EMA wave trading strategy.
As we suggested the number of options you can choose on the chart. See chart for more.
January 27, 2017 UOL Group and 34 EMA Wave
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.