28 September 2018
Singapore Stock Stories
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S63 Singapore Tech Engineering 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 Singapore Tech Engineering stock chart, picture worth a thousand words, see price action tested low below 3.20 dollars in last December. The stock price did a ABCD pattern, and test the high of 3.70 dollars. Then the stock price did another ABCD pattern, and hit the low below 3.25 dollars. Three dollars twenty cents seems to be a great support. The price action retest the 3.25 again before move to the high of 3.54 dollars.
Check the price action against the MACD signals. See chart.
Trade with eyes open.
Manage your risk.
September 27, 2018 Singapore Tech Engineering and MACD
If you can see the whole chart, “press Ctrl and -” to zoom out.
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.