MED chart as of 12 APR 2017
(click on the chart to enlarge)
remarks:
1. MED closed unchanged at 68 centavos ...
2. bottom/support: 64 centavos ...
3. top/resistance: 73 centavos ...
3. the macd histogram is above the 0 - horizontal ... it is lower ...
4.
MED is in a tight range right now ... since middle of february pa sya ganun .. 64 - 73 centavos ... tulad ng nasabi ko last time i blogged about MED (click here) .. "it is not doing anything ... not nice for a trend follower ... if i
were a short term trend follower* ... ill wait muna ... maybe if it goes
above 73 ... then maybe ill consider buyng ..." ... nasa midpoint sya ng range .. so im not doing anything ... mabuti if nasa bottom of the range or nasa top .. i may consider buying ... pero nasa gitna e ...
* 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!
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.
