Wednesday, September 16, 2015

chart monitor: LR/LEISURE & RESORTS WORLD CORP. (16 sept 2015)

lr chart as of 15 sept 2015 
(click on the chart to enlarge)


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

2. the sts enters overbought territory (sts > 80) ...

3. vol > 20-dma

4. resistance: 8.50

5. lr closed higher to its resistance @8.50 ... (in its multi-year chart .... 8.50 has been a familiar area for lr) ... 

6. either traders will fade the resistance and selling will take it down (sts is already in overbought territory) ... or buyers will continue to be generous and take lr higher above 8.50 ...


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