Sunday, June 16, 2013

just charts: sm/sm investments corp (16 jun 2013)

sm chart as of 14 jun 2013 
(click on the chart to enlarge)


1. 950 currectly serves as the psych support
2. the macd histogram changed direction last friday, 14 jun 2013 ... the sts is @oversold levels and is still pointing down ...
3. it is always my view that it is better to err on the side of caution ... so in this regard .. i prefer to remain in the sidelines at the moment ... waiting for more convincing signs that a short term bottom has already been reached ...   

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's charts) ... in the absence of any personal charting program, the pse website's charts are enough for the purpose