*i am a short term trend follower ...
*the following are not stock picks ... these are just stocks that got my current fancy ...
some philippine stocks:
$acen: 7.03 ... up 0.72% positive macd histogram ...
$areit: 36.00 ... up 0.98% ... positive macd histogram ... first time nagclose sa 36 ... sana mamaintain na nya 36 ...
$dito: 9.48 ... up 2.38% ... positive macd histogram ...
$gma7: 9.00 ... down 0.44% ... positive macd histogram ...
$mm: 4.42 ... up 6.51% ... nagpositive na macd histogram kanina ...
$px: 7.40 ... up 5.71% ... negative pa den macd histogram ... cutloss just below 6.40 (ex. 6.35/6.30) ...
the following are the things that i do ...
a. if a stock has a negative macd histogram:
1. if pababa pa at least 1 macd line ... dont buy pa ... wait pa ...
2. if nagbottom na yun price (nag bottom na yun price if current price is higher than current bottom) ... buy 1/2 of position initially ... with cutloss at just below the current bottom ...
b. if positive na macd histogram:
1. if wala pa position ... dont buy na .... look na lang for other stocks with negative histogram (see a.1 above) or
2. if meron na position ... adjust na lang stops: adjust stops at higher than previous stop (usually at previous support) or stay lang at current stop ... selling the posiition only when stops are hit (sell in one go or sell in tranches ... kanya kanyang style na yun)...
