June 26, 2018
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Moses Singapore Stock Stories – Thinking Out Loud
We highlight that the most fundamental strategy is to trade support resistance. In other words, buy support sell resistance to achieve buy low and sell high. But in real life, things are always move in the opposite direction, in other words, buy high and expect to sell higher. So manage your trade, suggest you avoid to buy high and expect to sell higher.
^STI Straits Times Index Charting
You may see a similar chart from us, but if you will read the posting you will realize the analysis is completely different. We look left and think right. From the chart, you will realize the price action has gone lower than the seven months low, in order words more than half a year low. If the momentum continue, the price action may even go lower. Possible to go lower than nine months low. Bu then, it will be lower then the twelve months low. Why? See chart, picture worth more than a thousand words. As eleventh and twelfth month are the same low as ninth month.
See chart on the lightly projection. Manage your risk.
June 26, 2018 Straits Times Index Charting
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.