MER chart as of closing of 30 AUG 2017
the chart is courtesy of COLFINANCIAL
(click the chart to enlarge)
remarks
1. MER closed higher to 270.80 ... up 0.45% ...
2. the macd histogram is below the 0 - line ... it is now higher ...
3. support: 268.40 ...
4. if i were a short term trend follower* ... id could buy now at these levels ... why? 1. the macd histogram is below the 0 - line ... 2. the histogram is higher ... 3. the price is higher ... cutloss: just below 268.40 ...
* 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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