these are my trading notes for my reference only
by no means are these to be taken by the reader as recommendations to buy or sell
28 sept 2012 closing prices
ceb (cebu air inc)
by no means are these to be taken by the reader as recommendations to buy or sell
legend:
c: closing price
s: support
r: resistance
vol: volume (+ above 5dma; - below 5dma)
macd: moving average convergence divergence
rsi: relative strength index
sts: stochastics
rem: remarks
unch: unchanged
(+): higher
(-): lower
28 sept 2012 closing prices
ceb (cebu air inc)
c: 54.30 (+)
s: 52.90 (intraday low); 52.40; 50
s: 52.90 (intraday low); 52.40; 50
r: 54.65 (intraday high); 55; 60
vol: (average)
macd: < 0
macd histogram: < 0
macd histogram direction:(+)
rsi: 24.47(+)
sts: 10.55(+)
vol: (average)
macd: < 0
macd histogram: < 0
macd histogram direction:(+)
rsi: 24.47(+)
sts: 10.55(+)
rem: except for the last half of june, ceb has been battered by daily price sell downs for the 5 past months. from its april high of 71.40 to this past week's lows of 52.40 almost everyday seems to be a red candle day for ceb. it has never been in my stock portfolio since its ipo .. airlines are taboo stocks for me (if they are not a good buy for my idol warren, why should it be for me?) ... anyways ... as an experiment in chart reading and to further my charting education .. im monitoring ceb for the moment. both rsi and sts are at oversold levels but both are pointing north ... macd and macd histogram are both below 0, yet the macd histogram direction has changed to positive with the bottom seeming to have been reached already last thursday ... will start monitoring ceb closely this coming days for a possible initial miniscule entry position ... this trade will be like tempting the devil (cmon bebe, prove me wrong!).. trading despite my offlimits position on airline stocks like ceb and pal ...
ALWAYS: always set stops
