if i were a short term trend follower*: IMI/INTEGRATED MICRO ELECTRONICS (7.00 A.M., 22 MAY 2017)

as requested:

remarks:

1. IMI closed lower to 9.80 ... down 2.00% ...

2. resistance: 10.00 - 10.06 ..

3. the macd histogram is above the 0 - horizontal .. but it is lower 

4. short term trend followers* should already have sold last friday ... making 10.00 their trail stop (or a little below 10) ... bumaba kasi yun histogram ...  bumaba din below 10 yun price ... more likely matigas yun 10 pesos resistance ... (always be ready to sell/buy at whole round numbers .. more likely malakas resistance/support doon .. like 1 peso .. 2 pesos .. 3 pesos .. 4 pesos, etc. - from jesse livermore)

short term trend followers intending to re-enter/enter IMI may have to wait for the histogram to go back to below 0 again ... or they can buy when the 10 peso-resistance is breached (closes above 10) ...  buying on breakout (bobo) ... with their cutloss a little below 10 pesos ...

* 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.