Tuesday, May 13, 2014

just charts: TA/ TRANS-ASIA OIL AND ENERGY DEV (13 may 2014)

ta chart as of 13 may 2014 
(click on the chart to enlarge)

1. the macd histogram is higher

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

3. resistance: 2.56 - 2.60

4. ta breached the 2.50-2.53 resistance today ... reaching 2.56 intraday before finally closing @2.54 ... will it continue on its upward march? or will profit takers sell ta down back below 2.50? ... im just holding on ... 

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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