Wednesday, September 24, 2014

MEG/MEGAWORLD CORPORATION (24 sept 2014)


meg chart as of 24 sept 2014 
(click on the chart to enlarge)

remarks: 

1. the macd histogram is higher ....

2. the sts is higher ...

3. support: 4.88 - 4.90

4. meg finally breaches the 4.88 resistance and momentarily stays above the 5.00 psych resistance before closing @4.95 ...

5. a bad trade becomes a good one all of a sudden ... i may add a few more meg's if it closes above 5.00 in the coming days ...



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