Welcome to AmiBrokerAcademy.com.
This website uses powerful charting software AmiBroker for charting and indicators.
You are here, maybe you want to understand and know the cause why the market in the bearish. You may already read about the China currency has been lower in the last week; depreciation? Depreciating currency?
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 week, many are affected by China market.
Singapore Stock Oversea-Chinese Banking Corporation Analysis
Scenario 1: OCBC A View from 2009
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 2009.
From the chart, the price action just break out from a trendline. If you overlay the Gartley 222 trading strategy, if the price on the reversal. Remember all setup may fail.
August 14, 2015 Overseas-Chinese Banking Corporation
Scenario 2: Oversea-Chinses Banking Corporation O39 on a Closed Up View
In a closed up view, you can see a Head and Shoulders chart pattern, the pattern has completed. Price action break out from neckline. Will the price pull back, it may get resisted by the neckline. Will see.
August 14, 2015 Oversea-Chinese Banking Corporation
Thanks for visiting the website.
Moses
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