July 2, 2017
Half-year Results | Singel
Singtel, Singapore listed Stock.
Picture worth a thousand words. Trend is up. Overall, price performance is only half of last year, just reference the chart below.
After a rally in beginning of 2017, the price start to fall. the price action struggle to test, retest the support. Finally the price left the base.
The chart does not add the resistance. But you can easily add a few. The price is current stopped by a key resistance.
A bar close above last bar, but just a little more than last bar. Too early to judge, the price may drift south but this may be just a zigzag movement. WOMD before you decide the trend.
June 30, 2017 Singtel and Support Resistance
Z74 | Singtel and MACD Signals
MACD Cross down fail. The price action bounced up. But watch out for the resistance created by the upper channel.
June 30, 2017 Singtel and MACD
When you analyse one bank in Singapore market, you must also check out the other two major local bank, UOB, and DBS.
Moses Stock Analysis
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.
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