August 1, 2019
Welcome to AmiBrokerAcademy.com.
We did a study of OCBC, and how can you not also look at the other two banks, UOB and DBS.
U11 United Overseas Bank and Guppy Multiple Moving Average Stock Chart
After study Oversea-Chinese Banking Corporation Stock and Guppy Multiple Moving Average, we now study United Overseas Bank stock chart.
Be careful what you ask for!
See chart, picture worth a thousand words.
Price action after test the high in a ABCD pattern. The price action also fail from the high in ABCD manner, see chart.
Add GMMA and you can see the slow MA slopping down. Fast MA stay below slow MA, bear trend.
From a chart pattern, we see double bottom or triple bottom . The price action might be in the reversing. But for now it is only sideways.
Trade with eyes open.
Moses Stock Observation
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.