Sunday, October 22, 2017

chart monitor: MPI/METRO PACIFIC INVESTMENTS CORP. (22 OCT 2017)


MPI chart as of closing of 20 OCT 2017
the chart is courtesy of INVESTAGRAMS
(click the chart to enlarge)


remarks:

1. the macd histogram is below the 0 - line ... it is higher ...

2. MPI closed lower to 6.89 ... down 0.14% ... 

3. if i were a short term trend follower* ... and i want to buy MPI ... i can  still buy at these levels ... pero kung kaya .. as near to 6.73 - 6.75 as possible ... cutloss:  just below 6.73 (example 6.70)

* 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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