jfc chart as of 19 jul 2013
(click on the chart to enlarge)
remarks:
1. surprise! surprise! jfc closed lower @148, breaching 2 important supports: the 151 all-time high and the 150 psychological support ...
2. tho no macd sell signal yet ... the histogram changed direction yesterday ... the sts also slid in sympathy (still no sell signal also)
3. i dont expect anybody to still be holding jfc after yesterday's adverse price action (well except of course those who bought) as 2 significant supports were breached .. as at least 1 trailing stop should have been hit (1 each just below 151 and 150) ...
4. i wont be looking at jfc from here on for the next few trading days .. not until my trading indicators again give a positive signal ... well .. if jfc does a whipsaw next week .. tough luck na lang ... thats how the ball bounces ..
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
