selected technical indicators of PSE-listed stocks
c: closing price
s: .73, .70, .64, .62, .59
macd: > 0
macd histogram: >0
macd histogram direction:(-)
1. today saw the continuation of the decline of phes' macd histogram, rsi and sts ...
2. the psychological support @ .75 was breached and for a while phes also pierced my stop @ .74 ... with the stock hovering at the .73 level before closing @.74 ....
3. traders of the same temperament as i are already out of phes ... selling their positions as their stop @74 was hit ... waiting for the tide to turn positive again before thinking of plunging back ...
4. as im no daytrader .. this is as far as i go ... i write no further
previous PHES monitor: The Ninja Stock Monitor: PHES (28 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 ..