RSI wall. Atlas in danger of divergence. To void such threat, it needs to break that wall. Surge if wall taken.
TA consideration: Open 20.50, must not close below that. If long, trail stop if price dips below open.
June 29, 2011 at 1:41 am
Here are two types of AEV charts. Weekly.
For the Linear chart. Suitable for parabolic wave count and for identifying stock chart patterns.
For Semi-Log chart. Ideal for swing trading i guess as degree of slope suit best for the said technique. As the price rises though, i find it difficult to look for chart patterns that may arise.
For consistency of practicing technical analysis, one must choose a single type of chart that suited him or her best. imho.
Further readings about charts can be found best at
June 28, 2011 at 9:32 am
daily nice break from downtrendline but the surge have awaken divergence. buying on follow thru surge is a no no for newbies.
edit add update on divergence. level to sell
June 28, 2011 at 1:27 am
Dont be fooled by fake bids. Dont ever post before 9:15am
Will tell you why later at http://www.stockmarketpilipinas.com
June 28, 2011 at 1:15 am
Wil APO’s fall today means a weak Atlas tomorrow?
June 27, 2011 at 9:20 am
Kiss of 50ma weekly. Down trendline broken?
83 base. 7% to 10% bounce play means a target of 88.80 to 91.30
June 27, 2011 at 3:44 am