so ... is px already a buy?
i suggest to the reader to do his own analysis as an exercise ... will be good for u ... then lets compare notes
as for me ... ill wait a while first ... px may still go further south ... and i guess ill wait for the indicators to point up first before thinking of buying any share
is px already a buy? (px, 09 sept 2012)
let me review now where px is at the moment and see if anything has changed to likewise change my views:
fundamentally .. we know that the mine will be closed until end of the year at least ... so nothing new there ...
The Ninja Stock Monitor (px, 21 sept 2012)
these are my trading notes for my reference only
21 sept 2012 closing prices
px (philex mining)
c: 14.82 (-)
r: 15.82 (intraday high); 16.12
macd: < 0
macd histogram: < 0
macd histogram direction:(-)
ill wait for the indicators to point up first before thinking of buying any share
btw.: px on sept 7-11 proved that the 52-week high on a friday rule also works the other way.
Secrets of the 52 Week High Friday Rule