8 September 2016
Thinking About the Present As If It Were the Past
ABCD chart pattern, picture worth a thousand words. 20 MA is below 50 MA, 50 MA is below 100 MA. Price line is below 20 MA and bounce off it.
Near end of 2015, we see MACD and price convergence. Indicates end of trend, will the trend end? The price action did retest the same high. The price action crossed 20 MA but fail to stay above 20 MA. The price action got resisted by 50 MA. The price action retest 50 MA again. Can the price cross 50 MA and stay above it? Will see.
September 8, 2016 Genting Singapore PLC Weekly
Moses Stock Analysis
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