Saturday, July 13, 2013

just charts: SM/SM Investment Corporation (13 jul 2013)

sm chart as of 12 jul 2013 
(click on the chart to enlarge)


1. sm breached the 900 psychological resistance @yesterday's open and continued on to close @913.50 after staying below the 900 barrier for more than a month ...

2. the macd is >0, the histogram is >0 and the histogram's direction is higher ...

3. the sts is still within the trading zone and is also higher ...

4. the next major resistances are 936, 950 and 962.40 with 900 now becoming the major psychological support 

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