a reader of finance manila asked me a question yesterday ...
Sir shoyu, what is your strategy? Are you strict in following macd crossover, sts buy signals? Or just try to buy near supports ( which is 5 )?
my reply:
hi lovelace ...
i advocate the macd crosover and sts buy signals ... for the others ..
pero actually i use a modified form of the macd/sts choochoo ...
having said that ... for fjp this instance ... ang gagawin ko lang e buy as near as 5 as possible ... bakit? 5 seems to be the support as of the moment (hindi na sya original breakout situation unlike nung august) ... pero buy pa den even if umabot ng 6 (im praying na tataasan nya 7,70 next round nya ... )
if nothing comes out of this .. sell ako 4.50 (and still come out with a profit .. as i still have some fjps bought at 3-3.50 levels) ..
good luck!