MACD below Centerline & Moving Uptrend

This content is locked

Subscribe for as low as $0.16 per day To Unlock The Content!

Hi, click to understand KLSE Stockpick's subscription plan.

Background Knowledge:

MACD stays below centerline but is moving in uptrend with possibility to crosses above centerline. A bullish centerline crossover occurs when MACD moves above the zero line and into positive territory. This is a clear indication that momentum has changed from negative to positive, or from bearish to bullish. After a positive divergence and bullish moving average crossover, the centerline crossover can act as a confirmation signal.

Caution to be taken when applying this strategy:

1. It is suggested to wait and hold until the MACD line crosses above centerline to reinforcement the bullish signal.
2. Never use a technical signal alone without other indicators. MACD is a powerful indicators, but it should be applied together with other indicators, chart reading, fundamental strength and trendlines.