18 October 2018
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Singapore Stock Stories
5GD Sunpower Group Charting
Study Support Resistance and Apply Buy Low Sell High Strategy
Study Sunpower Group stock chart, see chart picture worth a thousand words. The stock price has bounced up from 2017 July low around 35 cents.
Reference to moving averages, and price action bouncing above 34 period MA band, or river. The price action is in a bull trend. Thereafter after the high of 90 cents, the price closed below river and stay below river. 34 period MA band crosses below 200 ma and stay below. This is a sign of bear trend.
Reference to H M Gartley 222 pattern, and check on the last few months of price action. You can easily spot many ABCD pattern.
Trade with eyes open.
Mange your risk.
October 17, 2018 Sunpower Group and River and H M Gartley 222
If you can see the whole chart, “press Ctrl and -” to zoom out.
Add MACD indicator, see chart picture worth a thousand words.
October 17, 2018 Sunpower Group and MACD
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.