9 September, 2018
Singapore Stock Stories
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Y92 Thai Beverage Public Company 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 Thai Beverage Public Company stock price. Use buy support sell resistance strategy. Remember to take profit when the price action breakout below the bullish trend line. See chart picture worth a thousand words.
Stock price moves sideways from 2010 to 2012, then the price action pull up. See chart, the price action continue to move higher. The price action finally touch 1.05. Thereafter, the price action begin to fall lower. The price action finally retest the resistance of 2013.
Trade with eyes open.
Manage your risk.
September 7, 2018 Thai Beverage Public Company Support Resistance
To find a trade opportunity, we add MACD indicator. We see MACD very choppy, cross up zeroline, cross down zeroline. Same goes to MACD Histogram too. Price action continue to form lower low, lower high. Trade with eyes open, as setup can fail.
September 7, 2018 Thai Beverage Public Company and MACD
If we will use stochastic to analyse the price chart. We see Slow Stochastic in oversold region, and price action correspond to it. See chart, picture worth a thousand words. Manage your risk.
September 7, 2018 Thai Beverage Public Company and Oversold
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.