Tuesday, February 12, 2013

The Ninja Stock Monitor: RCB (12 feb 2013)

selected technical indicators of PSE-listed stocks 

11 feb 2013 closing prices 

rcb (rizal commercial banking corp)  

c: 64.60(-)
s: 64.60, 62,60
r: 65.10, 66 
vol: (-)
macd: (+)
macd histogram: (-)
macd histogram direction: (-)
rsi: 52.04(-)
sts: 28.19(-) 

for an explanation of the indicators ... click: here 


1. rcb closed a bit lower .... @64.60 ... 
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)

for reference .. 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