if i were a short term trend follower*: PNX/PHOENIX PETROLEUM (27 JUL 2017)

PNX chart as of closing of 27 JUL 2017
the chart is courtesy of COLFINANCIAL
(click the chart to enlarge)

remarks

1. PNX closed lower to 12.10 ... down 3.20% ...

2. the macd histogram is above the 0 - line ... it is lower ...

3. resistance: 12.74 ...

4. if i were a short term trend folllower* ... ill just sell when my stop is hit ... if i want to enter PNX ... id wait muna .. until the histogram is below the 0 line ...


* 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.

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