a trader's blog (these are my Philippine Stock Exchange/PSE trading notes ... by no means are these to be taken by the reader as recommendations to buy or sell; blog contents are valid only up to the date of publication; the views found herein are subject to change without prior notice) .. Dont hold and hope! But definitely Ride them!
Saturday, February 9, 2013
The Ninja Stock Monitor: ALCO (09 feb 2013)
selected technical indicators of PSE-listed stocks 08 feb 2013 closing prices
for an explanation of the indicators ... click:here
1. theres been quite some noticeable activity in the alco counter the past days ...
2. the macd gave a buy signal last week ...the histogram creeping up ... the rsi/sts heading north ....
3. a word of caution: the issue is very illiquid, thebid-ask spread is a bit wide and the price action is quite erratic ... but short term there might be something to it ... 2012 seems to be a turnaround year ... and medium-to-long term there might be surprises along the way ... for more about ALCO .. click: here
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