The Ninja Stock Monitor: PNB (30 jan 2013)

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


29 jan 2013 closing prices 

pnb (philippine national bank) 

c: 100.50(+)

s: 97.70, 96, 95.15, 95, 94, 92.80, 91, 90, 88.05, 87.40 
r: 101.30, 102.40
vol: (+)
macd: (+)

macd histogram: (+)

macd histogram direction: (+)

rsi: 71.57(+)

sts: 82.82(+) 
remarks: 

1. pnb returned strong yesterday after monday's profit taking ... now closing above the century mark .. breaching initially the 101.30 resistance and going intraday @102.40 ...
2. the macd still positively rising .. tho both the rsi and sts are already at oberbot levels ...
3. wont adjust my stops yet .. the possibility of follow thru selling is there ... i may be shaken out of pnb early .. will just watch this muna .. 
4. i may add again if 102.40 is broken .. altho i know im already exceeding my 5% per stock budget (pnb is now about around 10% of my holdings) ... well for every rule there are exceptions .. and pnb i consider a speculative trade which comes only once in a while ... which whets my gambling juices .. ;)


previous PNB monitor: The Ninja Stock Monitor: PNB (28 jan 2013)

you may also want to read: my trading rules

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 are enough for the purpose