if i were a short term trend follower*: SMPH/SM PRIME HOLDINGS, INC. (10 JUN 2017)

remarks:

1. SMPH closed higher to 35.00 (09 JUN 2017) ... up 1.30% ...

2. resistance: 35.10 ... 35.20 ...

3. the macd histogram is above the 0 - line .. it is higher ...

4. if im a short term trend follower* and i have no SMPH ...  ill just have to wait for the macd histogram to return to below 0 before considering to enter ... i can buy at this levels of course ... but the risk is greater than if ill just wait when the histogram is below 0 ...

5. if im a short term trend follower and i have SMPH ... ill just hold ... selling when my stops are hit ...

* 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.