Monday, August 22, 2016
chart monitor: ARA/ARANETA PROPERTIES INC. (22 AUG 2016)
ara chart as of 22 aug 2016
(click on the chart to enlarge)
1. ara breached the 3.03 resistance ... to close to 3.18 ... a 52-week closing high ...
2. the macd histogram is higher ...
3. so far ara is doing fine ... short term trend followers are just monitoring ara ... ready to sell when their stops are hit ....
4. when ara fell when i bought it on 26 april .. i just held on ... i did not sell one share ... even if i violated my stop loss rule ... i held on until it fell to 1.83 .. and i am still holding on until today ... wala lang .. its one of my trades na panay violations ko ng trading rules ko ... i bot it nung nasa top na ... and i did not sell when it breached my stop loss ... so far its doing good naman ... i guess this is just one case na you can violate your own rules and still come out with a smile :)
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.