November 9, 2018
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Moses Stock Analysis
U11 United Overseas Bank or UOB Stock Charting
Buy low sell high, buy support sell resistance.
See chart, the price action of UOB stock chart.
Apply buy low sell high and buy hold strategy. The price action test 30 dollars and pullback. You could see the H M Gartley 222 pattern to send the stock price to 24 dollars before rebounce a bit.
So, for the BHS, buy hold strategy. The price action now pullback to the the former resistance. See chart.
Trade with eyes open, manage your risk.
What if, we study the chart using MACD indicator. See chart, we add MACD indicator, picture worth a thousand words.
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.