Forum Archive Index - April 2001

["Ian Rawnsley" <ianr@ie3.co.nz>]

ash,

 

The MACD is a two-component indicator based on two exponential moving price averages.  The first component of the MACD is a line which represents the difference between two moving averages, each computed for a different period of time.  This first component is called the Price Phase Line.  The second component, which is called the Signal Line, is an exponential average of the first component.

As a general rule, it is considered bullish when the Price Phase Line is rising and is above the Signal Line.  Conversely, it is bearish when the Price Phase Line is falling and is below the Signal Line.

Buy and sell signals are generated by the crossing of the two lines.  In general, a buy signal occurs when the Price Phase Line crosses from below to above the Signal Line.  A sell signal is indicated when the Price Phase Line crosses from above to below the Signal Line.    

 

If you wish to learn more, then become a member of STANZ (Society of Technical Analysts of New Zealand Inc).

Have a look at our web-site at www.stanz.co.nz

 

Our next meeting is this Thursday at 7:30pm at the McGhie Lecture Theatre, Epsom. Details of the program are on the web-site. Two of the occasional contributors to NZSharechat will be giving presentations.

 

Ian Rawnsley

STANZ Membership Secretary

-----Original Message-----
From: owner-sharechat@sharechat.co.nz [mailto:owner-sharechat@sharechat.co.nz]On Behalf Of ashbb
Sent: Tuesday, April 24, 2001 3:12 PM
To: sharechat
Subject: Re: [sharechat] Fosters Brewing Group -- attention PHAEDRUS

Phaedrus,

 

Thank you for your posting. I am a relative newcomer to all of this, therefore not really up to speed on all of your comments. For example, I haven't got a clue what the "MACD" is. Can you please enlighten me?

I am very interested in learning about technical analysis. Can you recommend any resources to help me learn?

I still have my FBG shares, how do you read the current indicators?

 

Many thanks,

 

ash