May 28, 2019
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U11 United Overseas Bank Stock Charting
Study United Overseas Bank Stock chart and MACD.
See chart, picture worth a thousand words.
Price action goes from high to low and reversal. But the price Action after close above neckline and fail to stay above.
Study the chart using MACD, you can see the divergence to signal a possible trend change.
When you add a box, you can see the price action basically also sideways.
Trade with your eyes open.
Moses Stock Observation
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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.