if i were a short term trend follower*: MRC/MRC ALLIED INCORPORATED (16 MAY 2017)

remarks:

1. MRC closed lower to 37 centavos ... down 3.90% ...

2. support: 36.5 ... 35.0 ... 34.0 centavos 

3. the macd histogram is below the 0 - horizontal ... it is lower ...

4. short term trend followers* should just wait  ... both the macd histogram and the price are lower .... not the ideal position to enter ...

* 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.