November 22, 2018

O39 | OCBC | Oversea-Chinese Banking Corporation  Stock Charting | AmibrokerAcademy.com

We share the analysis we did last week on DBS stock. You could also find our analysis for OCBC. We decide to post the analysis although the stock chart was on November 16. Have fun learning.

Thanks for visiting the site.

Moses   Stock Analysis

O39 OCBC Oversea-Chinese Banking Corporation  Stock Charting

Buy low sell high, buy support sell resistance.  

See chart, the price action of OCBC stock chart. 

Apply buy low sell high and buy hold strategy. The price action test 14 dollars and pullback. The price action moves like what H M Gartley 222 pattern. We use moving averages, as MA has a great visual effect, see chart. We see MA sloping up, bull trend, and MA slopping down, bear trend. See chart, fast MA cross below slow MA, dead cross. Since than the price action continue to stay below MA.

Trade with eyes open, manage your risk.

November 16, 2018 Oversea-Chinese Banking Corporation and River

See chart on MACD indicator.

November 16, 2018 Oversea-Chinese Banking Corporation and MACD

Moses

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.