Monday, July 22, 2013

just charts: TEL/Philippine Long Distance Telephone (22 july 2013)

tel chart as of 19 jul 2013 
(click on the chart to enlarge)


1. tel closed higher @2970 last friday  .. just 30 points short of its major resistance @3000 ... its attempt to pierce 3k intraday went only to as high as 2996 before succumbing to intraday profit taking ...

2. the macd histogram is above 0 and has been rising the past weeks ... the sts has also been up but still below oberbot levels ...

3. 3k might be breached today sona day ... it could go either way after that .. ... if im a tel holder .. il just let the market decide .. adjust my stops and sell if my stops are hit .. otherwise .. ill just stay on ...

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