Welcome to AmiBrokerAcademy.com.
This website uses powerful charting software AmiBroker for charting and indicators.
Picture Worth a Thousand Words
Many of the answer are in the additional lines and comments on the chart. See chart for more information.
Last Friday, August 21, 2015 no market in the world can spare from the big correction.
Outlook on the Global Economy
Ruchir Sharma, head of emerging markets at Morgan Stanley Investment Management remarks the outlook for China’s economy and markets that China may be overtaking USA on recession, “The Next Global Recession Will Be ‘Made in China'”.
You can watch the viedo of Sharma speaks with Pimm Fox and Betty Liu on Bloomberg Television’s “Bloomberg Markets.”
Singapore Stock Oversea-Chinese Banking Corporation Analysis
Singapore Stock benchmark Straits Times Index has been down, STI has been badly influenced by China and the World Market.
Scenario 1: OCBC A View from 2014
OCBC is one of the major local banks in Singapore, besides UOB, DBS. From the chart the OCBC stock price has been on the uptrend since 2014.
From the chart, the price action has completed Head and Shoulders chart pattern. If you overlay the Gartley 222 trading strategy, spotting for reversal trading strategy. Remember all setup may fail.
August 21, 2015 Oversea-Chinese Banking Corp
Scenario 2: Oversea-Chinses Banking Corporation O39 on a Closed Up View
In a closed up view, you can see AB = CD chart patterns. Because of gap down, the AB = CD will be extended.
Last Friday, the stock closed as Doji candlestick, a big indecision. Starting by for a start of pulling back.
August 21, 2015 Oversea-Chinese Banking Corp
Remember, all setup can fail. Trade with what you see and not what you think.
Thanks for visiting the website.
Moses
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