remarks:
1. EW closed higher to 27.30 ... up 0.37% ...
2. resistance: 27.85 ...
3. the macd histogram is still above the 0 - line ... but it is lower ....
4. if im a short term trend follower and i want to buy into EW .. id wait muna until the macd histogram is below the 0 line ... i start entering a stock 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 ..
5. if im a short term trend follower and i have EW ... id just sell when my stops are hit ... (ex. just below 27.00 ... say 26.95 or 26.90)
* 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!
