Tuesday, May 6, 2014

just charts: MEG/MEGAWORLD CORPORATION (06 may 2014)

meg chart as of 06 may 2014 
(click on the chart to enlarge)


1. the macd histogram is higher

2. 20 < sts < 80; is lower

3. resistances: 4.77, 4.80  ...

4. meg breached the 4.67 resistance ... rising to an intraday high of 4.80 ... but closing below the 4.77 intraday resistance ...

5. possible profit taking in the coming days .... im just holding on .. adjusting my stops ... added a few more meg today (im already gambling here) ...

click here for 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