8.16.2013

Aug.16- Araneta Properties Inc. (ara) technical

Stock:ara
Date:16 Aug

Open-1.50
Low-1.48
High- 1.67
Close-1.65
Change: 9.27% 

Technicals:
-support (30,60,200SMA)
-psyc resistance 1.6 (38.2% fibo)already broken
next at 1.80 (23.6%)
-above 1.40 is breakout
-MACD still on Up direction


Actions:
posting GTC sell price just below 1.80 (1/3 of my pos'n)
Trend is obvious but 1.80 should be the interim resistance and a pullback thereafter could be an opportunity to buy back the shares I sold today.

Trailing stops:
-1.40 (adjusted from 1.30)

New info:
-above 30day SMA
-2nd day volume
-lightened up 2/3 of my pos'n due to the ff:
-STS buy signal 79.57 (overbot at 80)
-3rd day up

If ara continue to go up, I will be excited for my 1/3 shares
If ara goes down, then my plan is right and my stop level will further protect my gains.

Either way, it is a win-win!

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