if i were a short term trend follower*: PNX/PHOENIX PETROLEUM (08 JUN 2017)

remarks:

1. PNX closed unchanged at 9.20 ...

2. resistance: 9.61 ... 

3. the macd histogram is still below 0 ... but it is higher ...

4. short term trend followers who dont have PNX and intend to buy PNX will have to wait for a while ... the price and the histogram should both be rising for one to consider buying into a stock ...

* 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.