chart monitor: MRC/MRC ALLIED INCORPORATED (24 APR 2017)

MRC chart as of 24 APR 2017

(click on the chart to enlarge)

remarks:

1. MRC closed higher to 43.5 centavos ... up 14.47% ... 

2. resistance: 46.5 ...  50.0 centavos ... 

3. the macd histogram is higher ..

4. hold lang ako ... pero possible profit taking tomoro .. lalo na sa mga short term traders ... galing below 40 centavos e ... and also as a result of the 52-week high on a friday rule* ... possible profit taking den tomoro ..

5. for my previous MRC posting click here:  chart monitor: MRC/MRC ALLIED INCORPORATED (19 APR 2017)

* what is a "short term trend follower"

* what is the "Secret of the 52 Week High Friday Rule"

* 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.