Monday, May 25, 2015

chart monitor: GLO/GLOBE TELECOM, INC. (25 may 2015)

glo chart as of 22 may 2015 
(click on the chart to enlarge)


1. the histogram is higher (hist > 0) ...

2. the sts is higher (sts > 80: overbought) ...

3. the volume > 20-day moving average

4. glo is on a roll .. closing above 2600 for the first time @2608 ...

5. should i buy the breakout? much as i love breakouts and buying the "52-week highs on a friday"  ... i prefer to sit it out for the moment (and watching glo with envy) .. just letting glo go where it wants this time ..

6. will just think of entering when the histogram is below 0 and the sts is below the 20 level (oversold territory) ..

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