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 follow the trend!
Thursday, March 14, 2013
The Ninja Stock Monitor: DNL (14 mar 2013)
selected technical indicators of PSE-listed stocks 14 mar 2013 closing prices
dnl (d&l industries)
s: 6.65, 6.56, 6.50 r: 7, 7.20 vol: (+) macd: (+)
macd histogram: (-)
macd histogram direction: (+)
for an explanation of the indicators ... click: here
dnl chart as of 14 mar 2013 (click on the chart to enlarge):
1. dnl closed higher to 6.96 ...
2. the macd histogram is still below 0 (no buy signal yet) but the histogram direction changed ... it is now pointing up ... both the rsi and sts .. are still in the trading range ... both also pointing up .. 3. looks like dnl has already established its immediate bottom @6.56 ...monitor closely for a possible initial reentry position in the coming days ..
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