25 September 2018
We had study the other two major banks, OCBC and DBS stock price. Now, let’s check how the UOB bank stock price like.
Singapore Stock Stories
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U11 United Overseas Bank aka UOB Bank Charting
Study Support Resistance
To maximize your profit and minimize risk is to buy low sell high, or in other words, buy support sell resistance.
Study UOB Bank stock price. We did an analysis recently together with DBS and OCBC, if you are interested, search the site for the analysis.
The stock price tested the high near 30.5 in May this year, the price action was triple top, one higher than the other. But the stock price fail to reach higher, although retest the same high and fail. The price action begin to go bearish. See chart, picture worth a thousand words. The price action forms double bottom. The price action has not break the neckline.
We add MACD indicator, study the price action and MACD and MACD signal. Picture worth a thousand words.
Trade with eyes open.
Manage your risk.
September 24, 2018 United Overseas Bank and MACD
If you can see the whole chart, “press Ctrl and -” to zoom out.
Moses
AmiBrokerAcademy.com – we are different
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.