Saturday, July 6, 2013

just charts: agi/alliance global group inc (06 jul 2013)

agi chart as of 05 jul 2013 
(click on the chart to enlarge)


1. agi closed higher @24.85 after breaching the 25 pesos psychological resistance intraday (intraday high @25.15) ... the macd histogram is still rising ... same with the sts which is already @oberbot levels ...
2. the 25 pesos psych res has already made its presence felt as sellers pushed back agi below 25 ... more selling (sellers willing to sell down to bidders) is possible in the coming week with the sts already at oberbot levels too ... on the otherhand ... a close above 25 may spur traders to do followup buying ...
3. im still on the agi sidelines .. just monitoring it again ... 

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