18 September 2018
Let read the chart from a different view, …
Singapore Stock Stories
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C29 Chip Eng Seng Corporation Charting
Study Support Resistance
To maximize your profit and minimize risk is to buy low sell high, or in other words, buy support sell resistance.
Study Chip Eng Seng Corporation stock price.
The stock price is now retest the peak of 2007 peak, if you buy at this peak after ten years. You are back to square one. But, the price action has pullback to below 80 cents.
So, one key in trading if you miss the trade do not buy any more, wait. Wait for the price action to return to support before you buy. Make sure, you do not buy high and expected to buy higher.
Trade with eyes open.
Manage your risk.
If you can see the whole chart, “press Ctrl and -” to zoom out.
Imagine add MACD indicator, see MACD signal and price action. Manage your risk.
Moses
AmiBrokerAcademy.com – we are different
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.