ST Engineering using TradersGPS. There were confirmed buy signals in 24th Feb. The entry was in 3th Mar when the price break above the prior high. It is important to take note that the first few signals did not have the trend impulse confirmation (blue). This is because one need know whether the buy arrow will lead to possible change of trend.( bearish to bearish). There are times when the trend impulse will help you avoid entering a trade if the impulse is not strong. A very good example was in late Oct 2014 when the arrows appear but the trend impulse did not confirm the move. This is shown in Fig 2
ST Eng fig 1
The post ST Engineering and how to confirm a change of trend using TradersGPS appeared first on Singapore Stock Analysis | Opening Trading Account | Collin Seow.
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