Friday, February 7, 2014

just charts: MEG/Megaworld Corporation (07 feb 2014)

meg chart as of 07 feb 2014 
(click on the chart to enlarge)


1. meg breached the 3.65 and 3.70 resistances .... smooching the 3.75 psych resistance for a while before closing @3.74

2. the macd gave a buy signal ...

3. the sts ... falling for the past few days ... changed direction today ...

4. next resistances: 3.79-3.80 ... then 3.85 .... then 3.90-3.92

5. what to do? my options:

- sell half my position next week  ... or ...
- just hold on and adjust my trailing 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's charts) ... in the absence of any personal charting program, the pse website's charts are enough for the purpose