Thursday, August 8, 2013

just charts: PHISIX (08 aug 2013)

phisix chart as of 08 aug 2013 
(click on the chart to enlarge)


1. the phisix closed almost unchanged@6420.79 ... sitting tentatively@the support line initially established last 20 march 2013 ...

2. the macd histogram is down ... with the sts starting to rise from an ostrich position ...

3. should the current 6420 support be pierced .. the next support is@the psychological 6400 ... then @6300 ... then@6244 ...

4. however ... anything goes tomoro ... for while the momentum is still down ... 3 things may carry the day for a positive close:

1. the 6420 support seems to be holding 
2. the day was marked by an almost doji 
3. the sts looks like an ostrich rising ..

as always .. the market will decide ...

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