phisix chart as of 04 feb 2014
(click on the chart to enlarge)
remarks:
1. the phisix breached the 6k and 5900 supports today ... closing @the day's low @5886 ...
2. the macd (12,26,9) gave a sell signal today after falling for 5 days now ...
3. the sts also went further down ... but still above the obersold zone ...
4. the next support is @5842-5850 ...
5. having just given a macd sell today ... the pse index i guess will take some time for its momentum to point upwards again ... being a cowardly trader ... im in no hurry to buy at this point (of course pwede opportunistic buys anytime) ... will just be on standbye mode in the meantime ..
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
