chart monitor: EW/EAST-WEST BANKING CORPORATION (19 MAY 2017)

remarks:

1. EW closed higher to 23.35 .. up 4.24% ...

2. resistance: 23.50 ... 23.75 ... 24.00 ...

3. the macd histogram is still below the 0 - horizontal ... but it is higher ... and is about to cross the 0 - horizotnal (macd buy signal) maybe tomoro ... 

4. i bot EW today ... assuming the Q1 earnings .. 2017 eps would be 3.24 ... pe at 23.35 would be ... 7.20 ... to me very cheap ... assuming a pe of 10 .... price would be 32.40 ... ill be long term on this or maybe until the next income statement comes out ...

* 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

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FINANCE MANILA

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