Monday, March 20, 2017

chart monitor: MER/MANILA ELECTRIC COMPANY (20 MAR 2017)


MER chart as of 20 MER 2017 
(click on the chart to enlarge)

remarks:

1. MER closed higher to 291.00 ... up 0.34% ...

2. support: 289.00 ...

3. the macd histogram is still below the 0 - horizontal ... it is higher ... 

4. hold lang ako ... my stops havent been triggered yet ... for others ... their stops may have already been set off by the recent price tumble of MER ... but im coming from an entry price of 258 ... malalim pa ... i can afford to hold on for a little more while ...

* 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.