Monday, August 16, 2010

JGS Bought on 8/6/2010 @18.28

chart from pse.com.ph

Tsupitero.com suggested a buy if breakout for JGS, having resistance at 17.25.   It was a bull week and I obviously entered late as JGS opened at 18.5 on 8/6.  I bought at 18.28, which was actually the pivot point leading the stock to a low of 18.20.

Citiseconline.com recommended a hold as of 8/11, having reached a high of 18.9.  The huge drop to a low of 17.9 on 8/12 was the result of the negative sentiment brought about by a drop on DOW-J. 

2 trading days after, the chart still shows an uptrend as JGS slowly climbs back to its previous position.  I hope this still continue as my break even is at around 18.50. up:gucci bags

As of 8/16
close: 18.00 
EMA: 17.89
RSI: 60.45

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