Wednesday, March 13, 2013

The Ninja Stock Monitor: FOOD (13 mar 2013)



selected technical indicators of PSE-listed stocks 

13 mar 2013 closing prices 

food (alliance select food inc)  

c: 2.14(+)
s: 2.06, 2.05, 2, 1.88, 1.85
r:  2.14, 2.20
vol: (-)
macd: (+)
macd histogram: (+)
macd histogram direction: (+)
rsi: 66.86(+)
sts: 71.43(+

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

food chart as of 13 mar 2013 (click on the chart to enlarge):




remarks: 
1. food breached the 2.12 resistance .. closing at its high @2.14
2. the macd is still rising ... both the rsi and sts just below the oberbot threshold .. both pointing up
3. established my initial position today ...  
4. next resistance should be 2.20 ... present trading range: 2.05 - 2.20

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