March 3, 2020
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C6L.SI Singapore Airlines 新航 Stock Charting
Study Singapore Airlines 新加坡航空公司 stock chart price action and year high low. Study chart from 2002.
See chart, picture worth a thousand words.
Look back to 2002, price action went from low to high and back to low again. Using box to box year high low. Price Action like walking up and down stairs.
Price Action once again test the low of 2003, and goes even lower.
There are many trading strategy, if you happen to use the buy and hold strategy for this stock. Take ten years as one phase. As we encourage to buy support and sell resistance.
You choose to buy in 2009 after the bear ABCD pattern, and hold. We probably lost money.
So, trade what you see and not what you think. Be smart, to cash out when the stock is not performing as expected. Manage your expectation.
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.