Friday, July 12, 2013

just charts: mer (12 jul 2013)

mer chart as of 11 jul 2013 
(click on the chart to enlarge)


1. mer closed higher @318 from yesterday's 316 ... showing a green mala-doji ... the macd is still below 0 .. altho the histogram is already positive and is rising ... the sts is within the trading zone ... 

2. im just monitoring mer for now ... it is trading within a very tight 313-335 range ... not much profit to gamble on  ...

3. at a break of 335 upwards ... i might consider entering mer for an initial position 

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