10 March, 2020
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^STI Straits Times Index Charting
Study ST Index stock chart price action and Moving Averages.
See chart, picture worth a thousand words.
Manage your expectation.
Remember to trade what you see and not what you think.
Manage your risk.
There are many ways to determine the price action on the bull and bear trend. One easy way is using moving averages. We can use two or three moving averages.
Now, we use three moving averages, 20,50 and 100 MA.
100 MA is near flat, 50 MA point down, 20 MA is below 50 MA. This is what we called, bear trend.
Buy support and sell resistance. So, wait till the price action is either being resisted or supported. So, wait.
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.