20 September 2018
Singapore Stock Stories
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CTN BreadTalk Group 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 BreadTalk stock price.
The stock price from April 2016. The stock price continue to form higher high. In 2016, the stock price retest the low below fifty cents before the share price take off. See chart, picture worth a thousand words. The share price took a break at seventy five cents, before continue moving higher. One dollar is a strong level, see the price action. The price action breakout higher and go above one dollar twenty five cents. But now the price action is below one dollars.
See chart, picture worth a thousand words.
Trade with eyes open.
Manage your risk.
If you are Gartley’s fan, you will say it is easy. Can’t you see a ABCD pattern? Can you see even you are not the fan? Trade with eyes open.
September 19, 2018 BreadTalk Group Charting
If you can see the whole chart, “press Ctrl and -” to zoom out.
Zoom in, add MACD indicator. From MACD, MACD signal is forming higher high and cross below zeroline. So what? Trade with eyes open. Manage your risk.
September 19, 2018 BreadTalk Group and MACD
Moses
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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.