Monday, December 26, 2016

chart monitor: DNL/D&L INDUSTRIES, INC. (26 DEC 2016)


DNL chart as of 23 DEC 2016 
(click on the chart to enlarge)

remarks:

1. DNL closed lower to 11.08 ...

2. support: 10.60 -10.70 ...

3. the macd histogram breached the 0 - horizontal; it is lower ...

4. short term trend followers should already be out by this time .. selling starting 19 DEC 2016 when the macd histogram went down ...

5. im in a bind here ... i still have DNL ... i have not sold one share ... as i made DNL an exception to my rule of selling when my stop loss is hit ... but that's that ...



* these notes are good only for the next trading day ... and NOT for the subsequent trading days ...

* these notes are mine alone ... and are for sharing with short-term trend followers


for more philippine stock market views and information please check:

FINANCE MANILA



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.