Thursday, February 16, 2017

if i were a short term trend follower*: ALCO/ARTHALAND CORPORATION (16 FEB 2017)


ALCO chart as of 16 FEB 2017 
(click on the chart to enlarge)

remarks:

1. ALCO closed lower to 1.16 ...

2. support/bottom: 1.14 ...

3. the macd histogram just crossed the 0 - horizontal ... it is lower ...

4. if i were a short term trend follower ... i should have sold all my ALCO sa taas pa before 1.42 came ... for now ... im waiting na lang for the macd histogram to bottom out and go up again .. before thinking of positioning ....
 
* 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

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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.