a question from a finance manila member this afternoon:
Hi sir shoyu
Whats your take on the chart if vita. Got some @ 1.03 last week as i do find it trending upward.
Thanks
my response:
hahaha .. so ano problema? you are 10% ahead na .... you will just be letting your profits run from here on ...
i dont know your trading style ... you may have a target price for profit taking ...
im a trend follower .. so im just letting my profits run and ill only sell when my stops are hit ...
but here's my short chart observation:
1. vita closed higher at 1.15 after hitting an intraday high of 1.18 ...
2. resistance: 1.18
3. support: 1.13; 1.10; 1.07
4. the macd histogram is higher .. tumataas pa sya ...
5. it has been on an uptrend since the first half of july ... its current bottom at 95 cents ...
6. of course it may still go up or start turning down .. who knows? we will only know when it occurs ..
so .. yun lang po ..
good luck!
