December 31, 2018
Think think got more things.
Thanks for visiting the site.
We did an analysis earlier using the Month high low, or support resistance to understand where about the price action. We see the price action is closer to support.
OV8 Sheng Siong Group Charting
Study Sheng Siong Group stock chart using moving average. We use 34 period, high low and close Moving Averages. See chart, the 34 MA Wave and 200 MA are converge together. What will happen next? The are a few possibilities, 1) 34 MA cross down below 200 MA, dead cross, 2) 34 MA cross down fail.
So, for 34 MA cross down below 200 MA, the price action will continue to go bear trend. When 34 MA cross down 200 MA fail, the price action will change direction.
In next year, 2019 plan your trade carefully. Trade with eyes open.
if you can see the full chart, “press Ctrl and -” to zoom out and see the entire chart.
Moses Stock Chart 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.
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.