29 September 2018
Singapore Stock Stories
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T39 Singapore Press Holdings Charting
Study Support Resistance and Apply Buy Low Sell High Strategy
To maximize your profit and minimize risk is to apply buy low sell high strategy, in order to apply the strategy you have to identify the support resistance. Study Singapore Press Holdings stock chart, picture worth a thousand words, see price action tested low below 2.45 dollars in March. The price action did a ABCD down and a ABCD up. 2.55 seems to be a great level, it is support resistance. T39 tested the high at 2.90 and has another ABCD down. See chart.
Check the price action against the MACD signals. See chart.
Trade with eyes open.
Manage your risk.
September 27, 2018 Singapore Press Holdings 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.