Monday, July 1, 2013

just charts: jfc/jollibee foods corporation (01 july 2013)

jfc chart as of 01 jul 2013 
(click on the chart to enlarge)


1. jfc closed lower @145 .... the macd histogram still on the way up ...  tho the sts already is in the oberbot zone ...
2. i would suppose people have already sold their jfc as their stops may have already been hit when the 145 psych support was breached and 144.40 briefly touched before it closed @145 ...
3. im just a spectator now ... waiting for jfc to break 151 before reentering .. or if jfc retreats some more ... then ill just be in the sidelines until the price hits the bottom and the histogram is rising again ... only then will i again consider buying bak jfc 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