Saturday, August 4, 2018

my take on: ATN/ATN HOLDINGS, INC. A. (04 AUG 2018)


remarks:

*my computer has been acting up again ... and i cant use my screen capture application to take pics of my charts ...  so just please bear with me ..

*im using the CHARTMOTO chart for my reading ...

*follow me at finance manila

THIS IS MY DAILY CHART MONITOR OF PSE STOCKS ... I MAY OR MAY NOT HAVE A POSITION ON THEM ... THIS IS BEING DONE JUST FOR MONITORING ONLY ... NOT EVEN FOR EDUCATIONAL PURPOSES ...

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chart reading as of end of (03 AUG 2018)

1. the macd histogram is still above the 0 - line ...

2. ATN closed higher to 1.21 ... up 14.15% ...

3. ATN is at multi-year highs ... no resistance ...

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my take on ATN:

1. if i were a short term trend follower ... id wait na until the macd histogram is below the 0 - line again ...

2. if im a gambler and im buying ATN now only ... i may buy konti lang (1/3 of my allocation) but as close to 1 peso sana as possible ... it may go down kasi since matagal na siyang uptrend and di pa bumababa ... cutloss just below 1.00 (example: 95 centavoes)

3. ATN is up 73% since i first made a remark this year (my take on: ATN/ATN HOLDINGS, INC. A. (03 MAY 2018)) ... and i think di pa tapos ito: aside from news partaining to ATN itself ... pwede pa sya ride sa TBGI since may konti sya shares dito (TBGI is a third telco candidate) ... id just hold and maybe sell half when my stop is hit and just buy bak that half later ...

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*my buy criteria: i buy when the following happens:
1. the macd histogram is below the 0 - line
2. if the current price is higher than the most recent price bottom
3. i buy on breakout ONLY when adding to an ALREADY EXISTING position

*when do i sell? i sell when:
1. i cutloss just below the most recent bottom
2. my trail stop is hit (this means that my position is already net positive)

*what stocks do i buy?
1. index stocks
2. stocks that have a current story as disclosed in the edge website ...
3. speculative stocks

*what do i do when i start buying a stock?
1. when i buy, i buy in phases .... when i see a stock fulfilling my buy criteria .... i initially buy 1/3 or 1/4 of my allocation for a particular stock ... then i wait and observe ....pp
2. on subsequent days ... when the price of the stock advances... i add 1/3 of my allocation ....
3. i add my last 1/3 allocation when the stock advances some more ...

*what i dont?
http://1kagemusha.blogspot.com/2012/03/what-i-dont.html.

* 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 CHARTMOTO charts) ... 


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