selected technical indicators of PSE-listed stocks
11 feb 2013 closing prices
rcb (rizal commercial banking corp)
r: 65.10, 66
2. the histogram continues its decline ... with the macd oscillator exhibiting the "ostrich pattern" .. as coined by the technical analysis experts (TAE) of the finance manila stock market forum and general desert storm's chatroom (the ostrich pattern is when an indicator is already so oversold that it is hugging the floor of the chart and looks similar to an ostrich burying its head beneath the sand) ...
3. both rsi and sts also still pointing south ...
4. as previously remarked .. just continue to patiently monitor ... wait for the ostrich to lift its head above the sand again .. before considering an initial entry position ...
previous RCB monitor: The Ninja Stock Monitor: RCB (09 feb 2013)