Monday, August 26, 2013

just charts: LTG/LT Group Inc (26 aug 2013)

ltg chart as of 23 aug 2013 
(click on the chart to enlarge)


1. ltg is 14.41% down week-on-week ... closing@18.06  on 23aug2013 .... just a bit above the 18-pesos psychological support ...

2. the histogram is <0 ... and is even lower ... the sts just crossed the obersold zone...

3. what to do: options:
- buy in anticipation of ltg bouncing this week (not my preferred option)
- just wait if the 18-pesos support holds and becomes clearly the bottom ... just monitor some more before considering any 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