Saturday, May 10, 2014

just charts: TA/ TRANS-ASIA OIL AND ENERGY DEV (10 may 2014)

ta chart as of 09 may 2014 
(click on the chart to enlarge)

1. the macd histogram > 0; is higher

2. the sts > 80 (oberbot); the sts is higher 

3. resistance: 2.50-2.53

4. ta breached the 2.41 resistance this week ... reaching 2.53 intraday last friday before finally closing @2.48 ... ta is already oberbot ... it is understandable if people are already selling into strength ... ill just continue to hold ta ... 

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's charts) ... in the absence of any personal charting program, the pse website's charts are enough for the purpose