gtcap chart as of 30 aug 2013
(click on the chart to enlarge)
remarks:
1. gtcap ended the week@775 ... 5.49% lower from the previous week's close ... altho it has advanced 90 pesos from the week's intraday low as a result of news that it will be included in the recomposition of the pse index effective 16 september 2013
2. the macd is <0 but the histogram is pointing north ... the sts gave a buy signal last friday ...
3. it seems that the bottom for the current cycle is@685 ... with speculators riding on gtcap's pse inclusion already ahead by 90 pesos ... ; gamblers may be thinking of already reentering gtcap with a partial position even without a macd buy signal .. but im still just monitoring gtcap ... as i dont have funds yet for it (tough luck) ..
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
