if i were a short term trend follower*: AC/AYALA CORPORATION (14 MAY 2017)

remarks:

1. AC closed higher to 868.50 ... up 0.06% ...

2. support: 855.00 ...

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

4. short term trend followers* should still wait for the histogram to be rising (as well as the price) before trying a position with AC ...

* 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!

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.