Tuesday, April 22, 2014

just charts: MEG/MEGAWORLD CORPORATION (22 apr 2014)


meg chart as of 22 apr 2014 
(click on the chart to enlarge)

remarks: 

1. the macd histogram is > 0; is higher

2. sts > 80 (oberbot); is higher

3. resistance: 4.60 ...

4. meg breached the 4.53 and 4.60 resistances ... reaching an intraday high of 4.61 ... only to fall back below 4.60 again to close @4.57 ..

5. just holding on ... adjusting my stops ..



click here for 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