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!
Saturday, April 27, 2013
The Ninja Stock Monitor: BEL (27 apr 2013)
selected technical indicators of PSE-listed stocks
26 apr 2013 closing prices
bel (belle corporation)
s: 6.97, 6.62, 6.50
r: 7.06, 7.10, 7.20
macd histogram: >0
macd histogram direction: down/lower
for an explanation of the indicators ... click:here
bel chart as of 26 apr 2013
(click on the chart to enlarge):
1. bel closed @ 7.01 .. a 52-week high ..
2. the macd histogram is lower ... with the rsi and sts already @ oberbot levels
3. initial position bought last friday ... will add a few more in the coming days and weeks ..
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