selected technical indicators of PSE-listed stocks
c: closing price
s: .74, .72, .70, .59
macd: > 0
macd histogram: >0
macd histogram direction:(-)
1. the macd histogram, rsi and sts continue to point south ...
2. phes broke down from the .77 - .84 trading range ... closing at the psychological support of .75 ...
3. it would be interesting to see how phes will move in the coming days ... possible scenarios:
a. the 75 psych support holds .. with traders buying phes up and close it back again in the .77-.84 trading range ... or
b. the present negative momentum further strengthens and the psych support of .75 breaks down as early birds try to salvage whatever profits they can before the macd sell signal appears ...
4. phes is highly speculative ... a favorite of day traders ... very volatile ... take extra precautions
previous PHES monitor: The Ninja Stock Monitor: PHES (27 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 ..