jfc chart as of 28 jun 2013
(click on the chart to enlarge)
remarks:
1. jfc closed higher @148 .... just 3 pesos away from its all time high of 151 which was attained just before the may meltdown ...
2. the macd just gave a buy signal ... with the sts giving the buy signal the day before ..
3. jfc is already up by 23 pesos since it bottomed @124.70 (18.4%) just days ago ...
4. what to do? options:
a. adjust stops ... sell half of the position as jfc is already near the resistance @151 ... sell the other half if the stops are hit ..
b. just hold .. adjust stops ... buy more if jfc breaches the 151 resistance ..
c. just hold ... adjust stops ... and sell if the stops are hit ..
for an explanation of the indicators ... click: here
for reference .. you may also want to read: 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
