August 30, 2016
No Random Walk
We do not think the market is a random walk situation. This is not just the chart pattern, we also see the stocks are having the similar price action development. See the following posting and the past few postings for comparison. Trade with eyes open, and manage your risk.
MACD a Great Indicator
We also said MACD is a great indicator, a leading indicator, the following chart will show you many example for the same stock within a “short” time, within a year and a half year. Many early signal on the possible change in price direction, and it happen. See chart for more.
AB = CD
AB = CD is also an easy to use tool for measuring up the distance of the price movement. Give yourself some buffer. Down, up, and down again. Bearish, retrace, and continue the trend; bearish.
UOB, United Overseas Bank Charting
August 30, 2016 United Overseas Bank, UOB Daily
Have fun!
Moses Stock Column
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