bdo chart as of 09 oct 2015
(click on the chart to enlarge)
remarks:
1. the histogram is lower (hist > 0) ...
2. the sts is lower (sts > 80: overbought) ...
3. vol < 20-dma
4. psychological resistance: 110
5. bdo closed lower to 108.50 ...
6. what would i do?
- if im planning to buy bdo, a) id just wait for it to go back down and buy when it starts going back up again ... it has gone up so much already and 110 may just be a ripe area for traders to start selling it down if it has not started already last friday ... b) if bdo breaks 110 and closes above it .. id buy on breakout (of course cutloss somewhere below 110)
- if i already have a position, id just wait for my stop to be hit then i sell
STOCK TRADING IS A VERY SPECULATIVE ACTIVITY ... IT IS NOT SAFE FOR NEWBIES AND OLDIES ALIKE ... LOSING YOUR MONEY IS A REAL POSSIBILITY AT ALL TIMES!
send your comments/inquiries via email to: shingen_takeda00@yahoo.com
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
