Saturday, April 29, 2017
chart monitor: SMC/SAN MIGUEL CORPORATION (29 APR 2017)
SMC chart as of 27 APR 2017
(click on the chart to enlarge)
1. SMC closed higher to 110.00 ... up 0.92% ...
2. resistance: 110.50 ... 111.20 ...
3. the macd histogram is still above the 0 - horizontal ... but it is falling ...
4. short term trend followers planning to enter SMC will have to wait first ... until the histogram is already rising (the macd histogram has to be below the 0 - horizontal) as well as the price is rising ...
im just holding my smc ... malayo pa siguro ako sell (mababa yun stops ko e)
* 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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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!