Tuesday, January 14, 2014

just charts: MBT/Metropolitan Bank and Trust Company (14 jan 2014)

mbt chart as of 14 jan 2014 
(click on the chart to enlarge)


1. mbt is higher for the 2nd day ... closing@74.05 ... seems mbt reached its current bottom @69.90 last friday ...

2. the macd histogram is lower, giving a sell signal despite the higher close ... this may be explained by the fact that the macd is a trailing indicator ... and since the price of mbt has been declining the past week .. the macd and its histogram therefore is still reflecting the previous price action ... the sts is also lower ...

3. i bot a small position yesterday ... adjusting my stops ...  

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