SECB - Security Bank

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SECB Daily Chart, July 1, 2009


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Looks like SECB is also prime for a breakout?   After 2 months of consolidation, it seems like all it is waiting for is to break the Resistance at MA32?  MACD is also crossing, and going to positive territory.



 

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June 8, 2011 update:

Price above 65MA -  YES
MACD above zero (buy zone) - YES
MACD cross for buy -  almost
DMI with ADX rising > 30   - NO
RSI overbought?  NO
RSI divergence?  NO


Comments:

Just a few more days maybe, and this stock could continue its climb again?

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June 11, 2011 update:

Price above 65MA -  YES
MACD above zero (buy zone) - YES
MACD cross for buy -  YES
DMI with ADX rising > 30   - YES
RSI overbought?  NO
RSI divergence?  NO


Comments:

FINALLY, a MACD cross for a buy, plus all other indicators!  Let's see if SECB will finally make a good movement next week.

You can see the uploaded chart if you are logged in the forum.

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June 18, 2011 update:

Price above 65MA -  YES
MACD above zero (buy zone) - YES
MACD cross for buy -  NO
DMI with ADX rising > 30   - NO
RSI overbought?  NO
RSI divergence?  YES


Comments:

SECB barely moved since last week.  But we just noticed that there seems to have a divergence for BULL happening?  Look how RSI has made a HIGHER LOW, but the price did not.

Same line at around 92php is a strong support.  

We are waiting for MACD (on positive territory still) to cross for a confirmed BUY.  By then, the ADX momentum might just kick in as well.

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June 24, 2011 - 95

Price above 65MA -  YES
MACD above zero (buy zone) - YES
MACD cross for buy -  almost
DMI with ADX rising > 30   - NO
RSI overbought?  NO
RSI divergence?  YES (bullish divergence?)


Comment:

Just notice it this week, there seems to be a bullish divergence forming, as price support remains strong at around 92, while RSI is making a higher low.

Looks like SECB is prime for a buy - just waiting for MACD to cross and signal a BUY.  Momentum will hopefully follow next time.

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Security Bank (SECB) declares cash and stocks dividend.




Stock Dividend – http://www.pse.com.ph/html/disclosure/pdf/2011/pdf/dc2011-4136_SECB.pdf

Cash Dividend – http://www.pse.com.ph/html/disclosure/pdf/2011/pdf/dc2011-3876_SECB.pdf



 

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July, 2011 update:

Price above 65MA -  YES
MACD above zero (buy zone) - YES
MACD cross for buy -  YES
DMI with ADX rising > 30   - YES
RSI overbought?   YES
RSI divergence?   YES


Comments:

Another stock that has gone thru the roof.    I should learn how to hold on to winning positions.  hmmmmp!