Sept. 17- Araneta Properties, Inc. (ARA) tech analysis

Stock: ara

Date: 17 Sept

Open-1.50

Low-1.49
High- 1.55
Close-1.55
Change: 3.3% 

Technicals:
-support at 1.50 (coinciding SMA 30 and Fibo 50%)
-psyc resistance 1.55, 1.60, 1.70
-above 1.64 is breakout
-MACD changing to Up direction


Actions:
-I will take out my GTC sell once convincing breakout is evident above 1.64 
-added more shares at the lows
-General Trend is still my main key why I am trading ARA 

Trailing stops:
-1.45 (adjusted from 1.40)

New info:
-Volume above 10 days EMA
-back to 2/3 of my original pos'n
-No MACD and STS signal yet

Previous ARA tech analysis:
ARA 16 Sept