“Stocks are like cheese. The rat will work his way to grab a piece of the cheese with less to no harm.”
3.14.2013
Mar.14 Technical Monitoring format- MARC sample
Stock: MARC
Date: Mar.8
Current price: 1.80 H-1.86, L-1.80
Support:1.75
Remark: attempted to pass 23.6% but retreated.
Resistance: 1.90 (50% and 30MA coincides) next at 2.0 the paint for raging bulls.
Remark: breaking 2.10 can hop to 200 MA presenlty at 2.20 if there are traders want to take profit who positioned earlier..may rest near 2.20 until a good earning report can support the imminent uptrend.
Adding: 1.90 becomes support
Selling: 1.75 broken (with volume)
Others:
sts entering tradeable range
MACD changing direction
SJ Roxas started buying back
noticeable trades today though with less volume
Date: Mar.14
MARC closed on its support at 1.75 though volume is below 7dMA
Considering the Stochs and MACD these indicators are definitely waiting for official disclosure on the 4Q earnings. I am too.
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The format above is under construction and for improvement. This will be my format to monitoring stocks technically particularly on retracement. However for the fundamental approach I am still fond of using the format I got from immovable blog followed by Graham expensive multiple.
I am presently in vacation and not too frequent checking my blog for updates.
Keep in control and have a great investing everyone.
-still bullish-
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