15 October 2018
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Singapore Stock Stories
C07 Jardine Cycle & Carriage Charting
Study Support Resistance and Apply Buy Low Sell High Strategy
October 12, 2018 Jardine Cycle & Carriage Buy Hold Strategy
If you are H M Gartley enthusiast, see chart. Picture worth a thousand words. See the price action tested the peak above 41 dollars. Do you spot the Gartley 222 pattern, price action completed the ABCD pattern. The stock price nearly touch the near 30 dollars. Moving Average band, River provide a very good visual effect on the bear trend. River is slopping down, the price action is below the River. The price action nearly reverse; close above River. But the bull fail to keep up with the trend. Another ABCD pattern again, bring the price action down to 28 dollars. So, what’s next?
See the chart, this could be a ABCD buy pattern. Trade with your eyes open. Manage your risk.
October 12, 2018 Jardine Cycle & Carriage and River
If you can see the whole chart, “press Ctrl and -” to zoom out.
Add MACD indicator, see chart. There is a potential of reversal, see +ve divergence.
October 12, 2018 Jardine Cycle & Carriage and MACD
Moses
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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.