January 11, 2018
After cross check OCBC bank, DBS Group Holdings let’s see UOB Bank, same same look back last three years and think right; 2018.
Singapore Stock Analysis
UOB U11 United Overseas Bank Year High Low
The stock touch 27 in just a few days into 2018. The three bank, UOB, DBS, and OCBC are move in the same speed in reaching high in 2018, if you look left and you will see 2016 year high is lower than 2015, and 2015 high is lower than 2017 high. So, 2017 is most bullish in the last three years for UOB. Even if the price stop moving higher for 2018, it will still be higher than 2017 high. See chart for more.
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 9, 2018 United Overseas Bank Year High Low
U11 UOB United Overseas Bank and MACD
Same same for UOB , MACD cross up signal with MACD Histogram above zeroline. MACD signals is also above zeroline since last year October.
MACD is a great trend indicator. What have you got from the chart below. At least bullish for now.
January 9, 2018 United Overseas Bank and MACD Signals
United Overseas Bank U11 UOB and MA Band
MA slopping up bullish, MA slopping down bearish.
UOB MA Band is slopping up, the trend is bullish. The price action is always bounce and pullback to the MA. So, after the price action bounce up from MA, it will pullback before it bounce up again. So, see chart the price action may be ready to pullback before bouncing again.
Next, remember setup can, in fact all set can fail. Therefore, the pullback can fail to be supported by the MA. Manage your risk.
January 9, 2018 United Overseas Bank and 34 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.