October 25, 2017
5D
5D = Doji Doji Doji Doji Doji
Index is close higher, but in Doji.
Singapore Economy Benchmark = ST Index
Straits Times Index and Key Level – 3350
Picture worth a thousand words, see chart for more. As suggested in the previous analysis, we suggest to wait this week to see how the market response to the key level 3350. Interesting to see Dow Gaps, and for Singapore, we see five dojis. Finanly, on 24 October, the market response in close lower. So, STI respects the 3350 level. Wait one more day to see where the market goes.
October 24, 2017 Straits Times Index and 3350 Levels
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.