Moses’s Singapore Stock Analysis | DBS Group Holdings | AmiBrokerAcademy.com
Welcome to Moses’s Stock Analysis at AmiBrokerAcademy.com. January 13, 2017, the economy benchmark, The Straits Times Index closed at 3025.07 points, another 32.07 points higher than the last closed. Is it a strong momentum? Will see!
STI has breakout from 34 EMA Wave! Look for the STI posting for the 34 EMA Wave direction.
Technical Analysis
In total, the index is now 125.07 points higher than 2900. If we take 2900 as a key level.
D05 DBS Group Holdings Daily
MACD strength gave the clue to where the stock price might move. Now we see MACD cross up zero line, bullish bias. But the price already high. Should we buy high and sell higher. Well, you decide.
Professional traders will wait for retracement, buy low and sell high.
You can use this chart to verify with January 5, 2017 MACD Scan results. Ask yourself, will you buy when you got the MACD scan outcome, and know there is a MACD Cross up Zeroline.
A lower risk approach is to do the chart analysis, and plan your trade.
January 13, 2017 DBS Group Holdings Daily
By Moses January 15, 2017
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.