if i were a short term trend follower*: SMPH/SM PRIME HOLDINGS, INC. (11 MAY 2017)

i have to apologize to my readers because for some reason ... my computer has been acting up and one of the results is that i cant capture the picture of the chart .. so for now .... yun remarks na lang muna .. until i can find out how to remedy my situation ...

remarks:

1. SMPH closed lower to 32.00 ... down 1.54% ...

2. resistance: 32.90 ...

3. support: 31.85

4. the macd histogram is lower ...

4. i sold SMPH the other day .... thinking 33 was a tough resistance to break .... im waiting for SMPH to stabilize before thinking of entering again ...

* 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

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.