Sunday, August 14, 2016
chart monitor: MRSGI/METRO RETAIL SALES GROUP, INC. (14 AUG 2016)
mrsgi chart as of 12 aug 2016
(click on the chart to enlarge)
1. mrsgi closed lower to 5.15 ...
2. the macd histogram is lower; ... is already below the 0 - horizontal
3. support: 4.95 - 5.00 ...
4. short term trend followers should have already sold last 09 august 2016 when the macd sell signal was given ... now short term trend followers are just waiting for the macd histogram to turn up before considering buying bak ...
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.