Wednesday, February 28, 2018

chart monitor: NOW/NOW CORPORATION (28 FEB 2018)


NOW chart as of closing of 28 FEB 2018
the chart is courtesy of INVESTAGRAMS
(click the chart to enlarge)

remarks:

1. the macd histogram just crossed the 0 - line on the downside ... it is lower ...

2. NOW closed lower to 13.02 ... down 4.96% ...

3. if i were a short term trend follower ... and i want to buy NOW ... id wait pa ... the histogram just crossed the 0 - line on the downside ... while the histogram is already below the 0 - line .. the price is still falling ... ill wait until the bottom has been reached and the price is already higher ... only then can i consider buying my first shares back ...

***follow me at finance manila

*my buy criteria: i buy when the following happens:

1. the macd histogram is below the 0 - line
2. the histogram is higher or the price is higher than the most recent lowest low

* 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

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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