pax chart as of 08 aug 2013
(click on the chart to enlarge)
remarks:
1. pax gapped up@the open last thursday to 2.10 from its previous close@2.08 ... and continued to go to as high as 2.30 intraday ... before closing@2.15 ... 3.37% higher than the previous day ...
2. the macd is still below 0 but the histogram is already positive and has been going up the past 2 weeks ... the sts is already@the oberbot zone and is still pointing up ...
3. next resistances: 2.20 ... 2.30
4. this one i have to admit was a missed opportunity on my part (of course on hindsight na silly :D) ... its now 13.16% up already from its current bottom@1.90 just about 2 weeks ago ... it was only brought to my attention last night by eric go (ego for short), a veteran trader from financemanila as we were chatting via yahoo messenger ...
5. i do have pax ... but i still would have wanted to have added a few more when it just left its current bottom (feel good epek always when one enters as a stok just leaves the bottom) ...
6. so is it too late to still buy pax? i dont know really ... if ever ill add @ these levels ... ill be gambling already as we can see it has just entered the sts oberbot zone ... however ... if i do add, as always ill set my cutloss to ensure i minimise my loss on the trade should the price action go against me ...
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
