Wednesday, July 13, 2016
chart monitor: PXP/PHILEX PETROLEUM CORPORATION (13 JULY 2016)
pxp chart as of 12 july 2016
(click on the chart to enlarge)
1. pxp closed higher at 4.70 ... after hitting 5.20 intraday
2. the macd histogram is higher ... it just crossed the 0 - horizontal ....
3. resistance: 5.00, 5.20 ... 5.29..
4. the news about the west philippine sea is the key driver here ...
STOCK TRADING IS A VERY SPECULATIVE ACTIVITY ... IT IS NOT SAFE FOR NEWBIES AND OLDIES ALIKE ... LOSING YOUR MONEY IS A REAL POSSIBILITY AT ALL TIMES!
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.