Wednesday, July 10, 2013

just charts: sm (10 jul 2013)

sm chart as of 10 jul 2013 
(click on the chart to enlarge)


1. sm breached the 850 psychological support ... closing at its day's low @838 ... the macd histogram continues to slope down ... the sts sloping down as well ...

2. sm has been subject to bearish sentiments the past 4 trading days as evidenced by the red candles with the 900s acting as psychological resistance  ... 

3. im still just monitoring sm for the moment .. leaving the field to intraday and very short term traders ... i cant survive in that kind of trading environment ...

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