Tuesday, July 9, 2013

just charts: tel (09 jul 2013)

tel chart as of 09 jul 2013 
(click on the chart to enlarge)


1. tel closed unchanged at 2828 with a doji ... just hovering above its support at 2820 ... 

2. the macd histogram while still >0 ... is already sloping down .. same goes for the sts ... 

3. im no injun brave like tonto ... ill just take a pass and sit this one out ... will prefer to wait for a histogram that altho is <0 but is already pointing up ..

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 citiseconline.com's charts) ... in the absence of any personal charting program, the pse website's charts are enough for the purpose