Sunday, November 19, 2017

if i were a short term trend follower*: SCC/SEMIRARA MINING CORPORATION (19 NOV 2017)


SCC chart as of closing of 17 NOV 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. SCC closed lower to 36.80 ... down 1.60% ...  

3. it seems my bet on SCC worked (my bet was that SCC will go down kasi meron something impending this coming december that the market might anticipate by selling SCC down) ... i sold SCC before ex-divs at around 174.00 pesos (43.50 post divs) ... it would seem that my bet was a loss kasi it went higher to 200.00 (50 pesos ex-divs) before ex-divs ... but look where it is now ... it is 36.80 ... 

... it released its 3rd quarter results last friday ... it may go up monday because of this ... but wait lang ako ... pababa pa den yun price e ...

* 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 (my values for the indicators are the default values used in the INVESTAGRAMS charts) ... 





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