Welcome to AmiBrokerAcademy.com.
This website uses powerful charting software AmiBroker for charting and indicators.
You are here, maybe you want to understand and know the cause why the market in the bearish. You may already read about the China currency has been lower in the last week; depreciation? Depreciating currency?
Picture Worth a Thousand Words
Many of the answer are in the additional lines and comments on the chart. See chart for more information.
Singapore Stock United Overseas Bank Limited Analysis
Scenario 1: A View from 2009 UOB
United Overseas Bank is one of the key local bank in Singapore, besides OCBC, DBS. From the chart the UOB stock price has been on the uptrend since 2009.
From the chart, the price action look as if touching the significant level. True? Will see. Remember all setup may fail.
August 14, 2015 United Overseas Limited Since 2009
Scenario 2: Bearish Flag United Overseas Bank Limited
In a closed up view, see chart, the price action looks like trap in two significant lines. Anyone ready to catch the falling knife?
August 14, 2015 United Overseas Bank Limited
Scenario 3: United Overseas Bank Limited and River
River is a great visual tool to trade, price action is now below River. So, what’s next? Can you find the answer? Have fun!
August 14, 2015 United Overseas Bank Limited and River
Thanks for visiting the website.
Moses
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