26 feb 2013 closing prices
s: 125, 122.50
r: 129, 131.20
macd histogram: (+)
macd histogram direction: (-)
2. the macd histogram changed direction .. now pointing south ... the rsi and sts still at oberbot levels but are now also declining ..
3. somehow im not surprised with yesterday's price action ... i heard that a brokerage house has set a target price of 128 for jfc .. im assuming they have already started taking profits last moday as jfc went to a high of 131.20 with a 129.50 close ... possible follow thru selling today and in the coming days ...
4. ill just continue monitoring .. im waiting until jfc finds its bottom before ill consider taking an initial position ... as chairman mao aptly said: " ... when the enemy attacks .. we retreat .."
previous JFC monitor: The Ninja Stock Monitor: JFC (25 feb 2013)
for reference .. you may also want to read: my trading rules