SM chart as of closing of 18 AUG 2017
the chart is courtesy of COLFINANCIAL
(click the chart to enlarge)
remarks:
1. SM closed lower to 828.00 ... down 0.24%
2. the macd histogram is still above the 0 - line ... but it is lower for several days na ...
3. if i were a short term trend follower* ... id wait muna until the histogram is below the 0 - line na ... before thinking of buying SM ...
4. i plan to buy SM again after a long while once it is on the up trend na ... id buy konti muna ... id buy a long term position and a short term position ...
* 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.
------------------------------------------------------------------------------------------
