ta chart as of 08 aug 2013
(click on the chart to enlarge)
remarks:
1. ta closed higher@2.42 ... up two cents from the day before's 2.40 ...
2. the macd is >0; the macd histogram <0 (no buy signal yet), but the histogram just changed direction ... it is now pointing up ... the intraday low last tuesday@2.31 may already be the bottom of ta for the current cycle ...
3. the sts is still@the oversold zone .. but it is also on its way up .. just a bit off the 20 threshold ... maybe a possible buy signal within the week ...
4. im now closely monitoring ta ... with the news just out that the bored of trans-asia having approved the listing by way of intro of ta petroleum corp (TAPC), im speculating that a proxy play with ta may be starting soon ... im thinking of adding a few ta's should a positive price action occur ...
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
