jfc chart as of 15 jul 2013
(click on the chart to enlarge)
remarks:
1. jfc closed higher @150.70 ...breaching again the 150 psychological barrier ... closing just a few cents below its all time high of 151 established last 29 may 2013 ... just days after the start of the foreign sell off ...
2. the macd is >0, the histogram just gave a buy signal the other day and is rising ...
3, the sts is already @oberbot levels and is also higher ...
4. the possibility of jfc breaching the 151 record high maybe realised today while at the same time ... traders may also be selling it down ... fading the 151 resistance ... i guess the most sensible move is just to hold on and let the price action dictate the trade ... selling jfc (in tranches? its discretionary na) if trailing stops are hit and possibly adding to the present position if 151 is breached and jfc closes above it ..
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
