sm chart as of 24 jul 2013
(click on the chart to enlarge)
remarks:
1. sm came close to breaking out of its 970.40 record high (1213 before the 25% stock divs adjustment) .. reaching 969 intraday before closing @960 ... higher than the previous day's 950 ...
2. the macd is still rising altho the histogram has been declning for the past 4 days already .. the sts is still @oberbot levels but went slightly lower yesterday ...
3. sm might make another attempt @970 in the coming days ... whether it is successful or not of course is up to the market ...
4. options:
a. just hold and adjust trailing stops
b. sell half towards 970 and be vigilant for any sell down ..
c. add if sm breaches 970 and closes above it ..
5. bos leggy ... next post na lang yung tagalog ulet ... no luxury of time at the moment ..
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
