Monday, May 13, 2013

The Ninja Stock Monitor: GTCAP (13 may 2013)

selected technical indicators of PSE-listed stocks 

10 may 2013 closing prices 

gtcap (gt capital holdings)  

c: 860(+)
s: 825.50, 800, 785, 773.50 
r:  868, 870, 880, 890, 900 
vol: (-)
macd: (+)
macd histogram: (+)
macd histogram direction: (+)
rsi: 77.28(+); oberbot
sts: 92.26(+); oberbot 

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

gtcap chart as of 10 may 2013 
(click on the chart to enlarge):

1. gtcap surged 4.24% higher last friday, reaching an intraday high of 868 before finally setlling @860 ...
2. the macd histogram is higher ... both the rsi and sts up and at already oberbot levels ..
3. im guessing that the upbeat price action on gtcap the past few days is the market anticipating a disclosure/decision during the annual stockholders' meeting on tuesday 14 may 2013 .. 
4. the markets reaction to a possible disclosure i think will depend on the nature of the disclosure ... my take is .. the market will move further up if there's a generous dividend announcement .. any other announcement/no announcment at all will be a sell on news/no news ...
5. adjusting my stops ... will just hold and wait .. maybe ill sell half my position if my stops are hit ..
6. current trading range: 800 - 868
7. asm: 14 may 2013

previous GTCAP entries:

The Ninja Stock Monitor: GTCAP (08 may 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's charts) ... in the absence of any personal charting program, the pse website's charts are enough for the purpose