IMI chart as of closing of 28 JUN 2017
(click the chart to enlarge)
remarks:
1. IMI closed higher to 13.70 ... up 3.47% ...
2. the macd histogram just crossed the 0 - line ... it is lower ...
3. support: 13.02 ...
4. resistance: 13.90 - 14.00 ...
5. if i were a short term trend follower and i plan to buy IMI ... id wait first for the histogram to be rising ... as well as the price ... before entering IMI ... as it is ... the histogram is still falling ...
6. if i already have IMI ... id just hold on to my IMi and just sell when my stops are hit ...
* 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!
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.
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