Tuesday, December 31, 2013

just charts: MER/Manila Electric Company (31 dec 2013)

mer chart as of 27 dec 2013 
(click on the chart to enlarge)


1. mer closed 2013 @251 ... just a bit above its 52-week low set only a little over 2 weeks before @250 ...

2. the macd histogram looked up ... altho the sts which is already obersold .. even went lower ...

3. the next few days/weeks should be interesting for mer ... will be monitoring it for a possible initial entry should the 250 support hold ... if it closes lower in the coming days .. then ... will just continue waiting ...

for an explanation of the indicators ... click: here 
for reference .. you may also want to read: my trading rules

p.s. readers are encouraged to check out the stocks' charts themselves .. using the values for each of the indicators (the values for the indicators are the default values used in citiseconline.com's charts) ... in the absence of any personal charting program, the pse website's charts are enough for the purpose