jfc chart as of 08 aug 2013
(click on the chart to enlarge)
remarks:
1. jfc again set a new record breaking close@164.80 ...after breaching its previous highest close@163 pesos established just a week before ...
2. the macd is still rising with the histogram rising along ... the sts is still up but still not oberbot ....
3. with jfc's peak@168.20 just around the corner ... some selling may be encountered next week as short term traders are expected to take some profits off the table as jfc is almost 10% up from the bottom of the present cycle of 154.10 ...
4. options:
a. just adjust current trailing stops .. then sell as planned if the stops are hit ... or ..
b. sell half of the position towards 168.20 ..
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
