December 28, 2018
Think think got more things.
Thanks for visiting the site.
On the eve of holiday, we had a good peek of OCBC stock price. Now, let’s look at it again.
O39 Oversea-Chinese Banking Corporation Charting
How to draw a support resistance that not affected by time, i mean timeframe?
Use the month high low is a great way to find support resistance. See chart. Why support resistance? As support resistance is a very important tool to help to determine buy or sell.
As we as a trader we like to buy low and sell high to maximum the profit and reduce the risk, so if you can find the support resistance you can look for opportunity to buy support and sell resistance.
We study OCBC stock chart, we use the month high low or resistance support. From chat, we now we do not expect the buy when the price action meet the resistance. And we expect to buy when the price action meet the support.
Besides that the month high low also visual provide a good sign on the bull or bear trend. You could see the box staging up or down.
Trade with your eyes open.
if you can see the full chart, “press Ctrl and -” to zoom out and see the entire chart.
Add MACD indicator, see chart.
Moses Stock Chart Analysis
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.