Saturday, August 13, 2016
chart monitor: MPI/METRO PACIFIC INVESTMENTS CORP. (13 AUG 2016)
mpi chart as of 12 aug 2016
(click on the chart to enlarge)
1. mpi closed lower to 7.10 ...
2. the macd histogram is lower; ... is already below the 0 - horizontal
3. support: 7.09/7.10 ... 7.00 ...
4. mpi went down bigtime last thursday (from 7.48 to 7.23) then to 7.10 friday ... i attribute it to "ghost month" finally gaining on mpi ... altho the macd histogram has been on a decline since the 02/03 august 2016 selll signal (hard line short term trend folllowers have been off mpi since then ... just waiting for a buybak when the price warrants it ...
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.