SM daily chart as of closing of 23 JUN 2017
(click the chart to enlarge)
remarks
1. SM closed lower to 783.00 ... down 0.25% ...
2. the macd histogram is below the 0 - line ... it is lower ...
3. support: 780 ... 775 - 777 ... 767 - 767.50 ...
4. if i were a short term trend follower and i intend to buy SM ... ill wait muna ... wait until the histogram is rising and the price is up ...
* 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!
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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