Tuesday, July 18, 2017

chart monitor: PERC/PETROENERGY RESOURCES CORPORATION (18 JUL 2017)


PERC daily chart as of closing of 18 JUL 2017
(click the chart to enlarge)


remarks

1. PERC closed higher to 7.70 ... up 7.24% ...

2. resistance: 7.73 ... 7.90 ...

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

4. again possible profit taking in the coming days ... 

5. if i were a short term trend follower* ... id wait muna if i want to enter PERC anticipating short term traders who may be selling it down na ... kung pakiramdam ko e hindi naman sell down ... ill enter na at these levels ...


* 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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