Tuesday, November 21, 2017

if i were a short term trend follower*: PXP/PHILEX PETROLEUM (21 NOV 2017)


PXP chart as of closing of 21 NOV 2017
the chart is courtesy of INVESTAGRAMS
(click the chart to enlarge)

remarks:

1. the macd histogram just crossed the 0 - line ... it is higher ...

2. PXP closed higher to 10.92 ... up 11.43% ...  

3. if i were a short term trend follower ... and i want to buy into PXP ... id wait for the next round na lang when the histogram is below the 0 - line ulet ... if i want to gamble ... id buy at whatever price tomoro (hahaha gambler nga e) ... if i already have PXP ... id just hold and sell when my stop is hit ...

* 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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