jfc chart as of 26 jul 2013
(click on the chart to enlarge)
remarks:
1. and jfc turned around with a vengence last week ... breaching the 150 psych resistance and advancing further to break 160 and close above it @163 ...
2. the macd and sts rose higher tho the sts retreated on friday .. but still @oberbot levels ...
3. last friday's candlestick hints that profit taking has already started after the price surge last week .. follow thru selling may still be expected this coming week ... but of course we cant discount another advance ...
4. just adjusting my trailing stops ... monitoring closely for a possible add on should jfc dip bak below 160 ...
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
