October 4, 2017
Today is Mid-Autumn Festival for 2017.
The Straits Times Index ST Index and Key Levels
Picture worth a thousand words, see chart. ST Index test the high of 3350 level and fail. ST Index drop and decline to test the level of 3200. 3200 level is a very strong level. It has been tested in May, June, and July. Now the level again being tested in September. From the chart the index is trapped between 3300 level and 3200 level. Apparently, ST Index has not been influenced by the US Market. Why? See Dow index for more, Dow has been climbing event there are so many news about the Korea, north Korea but the market is just so confident to push north.
The Straits Times Index ST Index and Channel
Picture worth a thousand words, see chart.
The Straits Times Index ST Index and 34 EMA Band
Picture worth a thousand words, see chart.
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.