January 4, 2018
In order to plan for 2017, let look left and plan right. Beside looking at the month high low, we like to see the year high low too. From the Year high low, what can you see.
Singapore Stock Analysis
S59 SIA Engineering Year High Low
What have you got from the chart below? Very clear cut right? If you take the hold twelve months a a candlestick, you will see the 2017 year engulf the 2016 year.
Visually, we see the price action now is in the low region of 2017.
Powerful Chart Software – AmiBroker
The following chart is produced using AmiBroker charting software. It is a powerful chart software. You plot the stocks you are interested all in one chart, as long as you still could read them. See chart below.
January 3, 2017 SIA Engineering Year High Low
S59 SIA Engineering Month High Low
In 2017, the stock started bullish, moving on uptrend, but after June the stock price starts to decline. Finally hits the low below 3.10. If we will reference to the moving average or even better moving average band. See the next chart.
January 3, 2017 SIA Engineering and Month High Low
S59 SIA Engineering and 34 MA Band
See chart, the price action is now under the band. Besides that the band is slopping down. It is bearish, a bearish trend.
December 29, 2017 SIA Engineering and MA Band
Moses
AmiBrokerAcademy.com
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.