selected technical indicators of PSE-listed stocks
c: closing price
s: psyh supports (83, 82, 81, 80 etc), 77 (yesterdays gap up opening)
macd: > 0
macd histogram: >0
macd histogram direction:(+)
what to do? well .. if im at my profit zone already .. i can always sell then just buy bak later if and when pnb goes higher than 85, 90, 95 (my major psych res) ... however ... it is my guess a lot of flippers and sharks have already entered the scene since monday as word is now out in the street that the ayalas' BPI is in talks with the tans to acquire a majority stake in PNB at the price of 96 pesos per share (pls. refer to the inquirer news article of ms. doris dumlao: BPI in talks to acquire majority stake in PNB ...
... so im expecting a lot of intraday price volatility in the coming days ... with this scenario in mind ... i guess the benchmark of 96 and 100 pesos should be on my sights as possible exit points (sell half of the position .. retain the other half for possible further price moves upwards ... buy bak the other half again as major resistances are breached) ... just playing it oido na lang from day to day ... adjusting my stops as the price advances ... focused on the tiker as it passes from right to left in the laptop screen (forget muna affairs of the heart .. huhuhu) ...
funny and strange ... yesterday in a stock market chatroom i frequent .. we were just talking about anecdotes on mr. jaime augusto and mr. lt .. jaza walking casually unescorted in his white long sleeved shirt and tie ... nothing in his hands ... crossing ayala from the pse bldg to the bpi HQ side thru the underpass .. mr. LT taking a taxi cab to his next meeting after his old m-benz stalls in mid traffic ... etc ... pure coincidence that bpi and pnb are rumoured to be merging na pala
selected quick updates: The Ninja Stock Monitor: pnb (19 nov 2012)
my trading tactics
p.s. readers are encouraged to check out the stocks' charts themselves .. using the values for each of the indicators (the values for the indicators are the default values used in citiseconline.com's charts) ... in the absence of any personal charting program, the pse website's charts may be used ..