May 13, 2019
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For next three posting including this one, you will be learning something different from the same chart. Have fun!
^STI Straits Times Index 海峡时报指数 Stock Charting
Study Straits Times Index 海峡时报指数 Stock chart.
See chart, picture worth a thousand words.
We see the market has great memory, the market remember in the last posting.
We know that when the price approach a formal resistance, the price action may get stop and turn. So, be prepare. Of course at time the price action continue.
Next, in our current example, we will like to use our naked eye to find the bull or bear trend. As moving average is a great visual tool.
When MA, is slopping up, and price action stay above the MA. It is very sure a bull trend, the price action is rally.
On the other hand, when MA is slopping down, and price action is below MA. It is very sure that the price action is on the decline trend.
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.