ASI Chart with MACD

charith666lk · 1 ASI Chart with MACD Tue Jun 28, 2016 7:47 am

charith666lk

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This is the ASI chart with MACD. On 2016/03/15 macd line (yellow line) crosses the signal line upward and asi became bullish from that point. The bullish pattern confirms further when macd line crosses the 0 line on April 7.

May 8, macd line crosses the signal line downward and asi became bearish. Bearishness confirmed when the macd crosses 0 line on 15 june. Still macd in negative region as well under the signal line.. So I think friends better to wait atleast till we see the macd line crosses the signal line upward. Then if macd crosses 0 line and go to positive region could be a very good sign.

Friends, I am still in a learning process and like your comments and advices in this regard.

EquityChamp · 2 Re: ASI Chart with MACD Tue Jun 28, 2016 9:08 am

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Good attempt Mr.Charith. Market is still in a bearish mode but good phase of time to collect good stocks such as GRAN, BFL, KCAB,SFIN, ACL, PARQ,RCL, SETC.

Miss-Sangeetha · 3 Re: ASI Chart with MACD Tue Jun 28, 2016 9:19 am

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charith666lk wrote:
This is the ASI chart with MACD. On 2016/03/15 macd line (yellow line) crosses the signal line upward and asi became bullish from that point. The bullish pattern confirms further when macd line crosses the 0 line on April 7.

May 8, macd line crosses the signal line downward and asi became bearish. Bearishness confirmed when the macd crosses 0 line on 15 june. Still macd in negative region as well under the signal line.. So I think friends better to wait atleast till we see the macd line crosses the signal line upward. Then if macd crosses 0 line and go to positive region could be a very good sign.

Friends, I am still in a learning process and like your comments and advices in this regard.

Are you learning or working? Then how can you do share trading or joking in this forum in office hours?

charith666lk · 4 Re: ASI Chart with MACD Tue Jun 28, 2016 9:25 am

charith666lk

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Thanks EC. But tafl,gran,bfl,aluf,lhcl,hexp,etc all in bearish in macd charts? They will become bullish when asi start to move. Don't you think it is better to wait for a bull sign?
But As you mentioned in another post, RSI now just below 30. So there also a good possibility that Asi to change the direction to positive in near future.

ssuni · 5 Re: ASI Chart with MACD Mon Jul 04, 2016 11:48 am

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charith666lk wrote:
This is the ASI chart with MACD. On 2016/03/15 macd line (yellow line) crosses the signal line upward and asi became bullish from that point. The bullish pattern confirms further when macd line crosses the 0 line on April 7.

May 8, macd line crosses the signal line downward and asi became bearish. Bearishness confirmed when the macd crosses 0 line on 15 june. Still macd in negative region as well under the signal line.. So I think friends better to wait atleast till we see the macd line crosses the signal line upward. Then if macd crosses 0 line and go to positive region could be a very good sign.

Friends, I am still in a learning process and like your comments and advices in this regard.

friend, If you check the MACD line last June and Oct , you will see that crossing lines didn't give you the indication that though MACD line is below 0 line you can't predict the trend. So just think if it means the continuation of bear , then the trend should get upward at some point below the "0". But you probably already saw that it isn't true. because THE trend is not in MACD hart. JUst chk it out.