Sunday, November 25, 2012

The Ninja Stock Monitor: PGOLD (25 nov 2012)

selected technical indicators of PSE-listed stocks 


c: closing price
s: support
r: resistance
vol: volume (+ above 5dma; - below 5dma)
macd: moving average convergence divergence ...  values: 12; 26; 9
rsi: relative strength index ... values: 14; 30; 70
sts: stochastics ... values: 15; 3; 5
rem: remarks
unch: unchanged 
(+): higher
(-): lower

23 nov closing prices 

pgold (puregold price club)

c: 29.30 (+)
s: 28.95, 28.70, 28.50, 28.25, 28 
r:  29.60, 30, 30.15
vol: (average)
macd: < 0
macd histogram: <0
macd histogram direction:(+)
rsi: 45.64(+)
sts: 16.67(+)
rem: in a chatroom i attended last friday, two attendees cut their pgold positions (spurred by the anticipated negative price action that may ensue after the approval of the employee stock option plan during the recent special stockholders meeting) ... on the otherhand, another attendee whose username im replacing with an xxx ... said ..

[11/23/2012 2:48:12 PM] xxx: nasa bottom i think pgold e
[11/23/2012 2:48:21 PM] xxx: the macd is bottom na
[11/23/2012 2:48:38 PM] xxx: histogram is advancing
[11/23/2012 2:48:53 PM] xxx: im actually a buyer of pgold now if i have the money

... im of the same opinion as xxx ... the macd trio of indicators im using is my ideal combi for entry; (-, -, +) .... also ... both the rsi and sts seem to have reached bottom already and are both pointing north ... there was a doji reversal uncertainty last thursday ... but the uncertainty was erased last friday with a green candle reversal confirmation closing ... im monitoring pgold for a possible initial position this coming week .. however ... there is always the possibility of a whipsaw .. thus set cutloss just below the support of 28.70 ... if that is breached .. price breakdown) ...  

see also:
how do i pick which stocks to trade (07 sept 2012)
my trading tactics

what i dont

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's charts) ... in the absence of any personal charting program, the pse website's charts may be used ..