Pullback to Continue | U11 | United Overseas Bank | AmiBrokerAcademy.com

August 20, 2017

 

 

 

 

 

 If you find that you have troubles remembering the fundamental, just study the chart. By looking at the chart, depending what you see. … in this case, we see Head and Shoulders, a potential Head and Shoulders. The pattern is in progress, the head is yet touching the neckline, if we reference to the horizontal line as neckline. … 

U11 United Overseas Bank Charting

Picture worth a thousand words. Share price downflow, and bounce up after 2016.

 

August 18, 2017 United Overseas Bank Charting

U11 United Overseas Bank and Key Levels

Picture worth a thousand words. $24.50 is the peak for the year. Now the share price retest the $23.50. Can the price hold and not fall below $23.50? Will see.

Just like we see in D05, the share price has also completed left shoulder and about to complete the head. So, looks like if the setup does not fail, the share price will breakout below $23.50, if we reference to the horizontal neckline.

Watch the price movement. Have fun!

 

August 18, 2017 United Overseas Bank and Key Levels

Thanks for visit the site here. You could also find free MACD scan here in this site too.

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.