chart monitor: MER/MANILA ELECTRIC COMPANY (17 MAY 2017)

remarks:

1. MER closed higher to 279.00 ...

2. resistance: 280.00 ...

3. the macd histogram just crossed the 0 - horizontal (macd buy signal) ... it is higher ...

4. short term trend followers* intending to buy MER ... you should have bot kanina ... altho pwede pa din naman bukas i suppose ... cutloss .. just below 274.60 .. 

* 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.