ADX stands for average directional index. Its value ranges from 0 to 100.

As its name implies ADX is used to measure directional movement. Its value is derived from 2 other indicators +DI and -DI.

In this blog, I will provide list of KLSE Stocks based on
1. 13 Period ADX > 20
2. 13 Period +DI crosses over -DI for Long signal.
3. 13 Period +DI crosses under -DI for Short signal.
4. Volume trade > 100,000 shares

Thursday, March 10, 2016

Scan 10 Mar 16

Symbol TypeDateClose PriceVolume13 Day ADX13 Day +DI13 Day -DI
BIO OSMO BHDLong3/10/20160.0427100025.664634
REDTONE INTERNATIONAL BHDLong3/10/20160.54523480029.762921
I-BHDShort3/10/20160.4826260023.132930
NEXTNATION COMMUNICATION BHDShort3/10/20160.0686230020.261519

1 comment:

Trading Advisor said...

Market Review for KLCI

The FBM KLCI index gained 4.56 points or 0.27% on Thursday. The Finance Index increased 0.59% to 14368.6 points, the Properties Index dropped 0.07% to 1133.37 points and the Plantation Index rose 0.36% to 7882.63 points. The market traded within a range of 10.23 points with a high of 1694.33 and a low of 1684.10 during the session. The KLCI halted its losing streak after gained 4.56 points to 1690.91 points amid overnight gains in US market. Our benchmark index was buoyed by bargain-hunting.

Market forecast for KLCI

The KLCI index is expected to trade with bullish sentiments if it cross the level of 1695 in coming trading session however the index also can take resistance at this level and then it can give sideways movement in near term

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