Wednesday, November 28, 2012

update: The Ninja Stock Monitor: PHES (28 nov 2012)


selected technical indicators of PSE-listed stocks 

legend:

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


28 nov closing prices 

phes (philippine estates corporation) ... 

c: .75 (-)
s: .74, .72, .70, .59 
r:  .80, .81, .84, 90, 96, 99 
vol: (+)
macd: > 0
macd histogram: >0
macd histogram direction:(-)
rsi: 54.83(-)
sts: 71.21(-)
remarks: 
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)

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

what i dont

entering a stock


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 .. 
hes