selected technical indicators of PSE-listed stocks
c: closing price
s: 480, 476, 475, 470
macd: > 0
macd histogram: >0
macd histogram direction:(-)
1. ac cant seem to get past the 488 resistance after several attempts now ..
2. macd, rsi and sts are all pointing south with the rsi exhibiting the red arrow last friday ..
3. i wont be a buyer of ac now at these levels .. maybe only once it breaks the 488 resistance and closes above it will i entertain entering ac .. or .. only after it hits a bottom (considering what the indicators are hinting at right now)
4. start monitoring ac
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 ..