selected technical indicators of PSE-listed stocks
12 apr 2013 closing prices
mpi (metro pacific investments)
s: 5.65, 5.59, 5.54, 5.50, 5.44/5.43, 5.32, 5.20, 5.18
r: 5.79/5.80, 5.90, 6.0
macd histogram: >0
macd histogram direction: (+)
2. the macd histogram, rsi and sts are all pointing up ..
3. the preliminary info statement for the may stockholders' meeting which was disclosed last thursday indicates that the reverse stock split and the change in par value is set for approval already unlike before, it is still for study by a small group led by mr. pangilinan ... it means that mr. pangilinan and the small group has already agreed to recommend it to the stockholders .. which to me is already as good as appproved ..
4. will just hold on until the change in par value has transpired and see what happens .. i may be adding a few more mpi's when 6 pesos is breached ..
previous MPI monitor: The Ninja Stock Monitor: MPI (10 apr 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