if i were a short term trend follower*: PXP/PHILEX PETROLEUM (28 MAY 2017)

remarks:

1. PXP closed lower to 3.34 ... 0.30% ...

2. support: 3.31 ... 3.25 ...

3. the macd histogram for PXP is quite tricky at the moment ... sa COL charts .. hindi pa sya below 0 .. sa investagrams .. below 0 na (same with PSE tools) ...

4. PXP is entering/in the interesting range right now (below 0 histogram) ... short term trend followers* thinking of buying PXP  will watch it from now on (but not buy yet) ... as i wrote the other day ... short term trend followers start entering when (1) the macd histogram is below 0; (2) the macd histogram is rising; and (3) the price is rising; (4) then set the appropriate cutloss price  ..

* 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.