Saturday, December 31, 2016

chart monitor: DNL/D&L INDUSTRIES, INC. (31 DEC 2016)


DNL chart as of 29 DEC 2016 
(click on the chart to enlarge)

remarks:

1. DNL closed higher to 11.40 ...

2. the macd histogram is below the 0 - horizontal; it is higher ... 

3. resistance: 12.06 ...

4. if i were a short term trend follower ... id buy now 1/3 of my allocation for DNL (the macd histogram is rising and it is still below the 0 - horizontal) ... with my cutloss at a little below 11.10 (the low of the present candle)

but of course im not a buyer of DNL now since i have my full dose of DNL noon pa ... im holding DNL for the long term ... 

*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.