EW chart as of closing of 04 JUL 2017
(click the chart to enlarge)
remarks:
1. EW closed higher to 30.65 ... finally breaching the 30 resistance ... up 8.88% ...
2. the macd histogram is still below the 0 - line ... but it is higher ...
3. support: 30.00 ...
4. resistance: 31.05 ...
5. ill continue holding ...
... if im a short term trend follower and i would like to buy EW .. i could buy now ... but it is possible that profit takers will continue selling tomoro ... so pwede ding wait and see muna ...
6. it should get interesting now at these levels .. malapit na 10 x p/e nya ... im just wondering if it will just continue to be an under-10x-pe-stock or surprise us by going over 10!
* 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
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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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