Monday, September 2, 2013

just charts: AGI/Alliance Global Group, Inc. (02 sept 2013)

agi chart as of 02 sept 2013 
(click on the chart to enlarge)


1. agi continues to surge today .. breaching the 26 pesos psychological resistance and closing strong@26.70 .. 

2. the histogram and the sts advanced in sypathy with the price ..

3. the looming 27 psychological resistance may be taken by short term traders as an opportunity to take profits ... so i expect some glitch as 27 nears ...

4. im just adjusting my trailing stops ... with the aim of possibly selling half my position should it be hit ... 

5. there are still lots of speculative possibilities with agi as the tsi/emperador bakdoor exercise comes to fruition ... i dont see myself selling my entire agi position before the actual emperador lisitng in the pse ...

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