chart monitor: MER/MANILA ELECTRIC COMPANY (14 JAN 2017)

MER chart as of 13 JAN 2017 

(click on the chart to enlarge)

remarks:

1. MER closed lower to 278.00 ...

2. the macd histogram is above the 0 - horizontal but is falling; it is lower ... 

3. top: 290.00 ...

4. support: 277.00 ... 

5. if i were a short term trend follower* ... and i intend to buy MER ... ill wait further muna .. as the macd histogram is falling pa (ideally ... i buy when the macd histogram is below the 0 - horizontal and is just rising) ...

* what is a "short term trend follower"

* 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!

click here for an explanation of the indicators ...  

click here for my trading rules

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.