Saturday, June 29, 2013
just charts: phisix (29 jun 2013)
phisix chart as of 28 jun 2013
(click on the chart to enlarge)
1. the index ended the week @6465 with another green candle for the 3rd straight day ...
2. the macd gave a buy signal ... also .. the sts gave a buy signal the day before (thursday, 27 jun 2013)
3. tho both the macd and sts gave buy signals just a day apart ... possible profit taking may already ensue this coming week considering that the index is already 787 points up (13.85%) from its recent lows @5678 and that the immediate resistance @6548 is just around the corner ...
4. trade defensively
previous phisix posts:
for an explanation of the indicators ... click: here
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