jfc chart as of 02 aug 2013
(click on the chart to enlarge)
remarks:
1. jfc was quite lethargic the past week ... closing@155.90 after registering its highest close ever just the previous friday@163 ...
2. the macd histogram has been on a decline ... altho it is still >0 (no sell signal yet) ...
3. sts was also on a slide .. giving a sell signal last tuesday ...
4. after its intraday low of 155 (psych support) last friday, the next supports are@154.10, then the psych support@150, then the lower bound of the current cycle@148 ...
5. ill just be on the jfc sidelines for now ... waiting ... for the new cycle to begin .. will consider reentering only after its has found its bottom ...
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
