Tuesday, October 4, 2016

chart monitor: UBP/UNION BANK OF THE PHILIPPINES (04 OCT 2016)


UBP chart as of 04 oct 2016 
(click on the chart to enlarge)

remarks: 


1. UBP closed higher to 75.20 ... 

2. the macd histogram is higher (it crossed the 0 - horizontal today: buy signal) ...

3. resistance: 75.50 ...

4. UBP moved higher yesterday and today for no apparent reason ... altho citisec online today said that it was raising their FV estimte on UBP from Php88.00/share to Php94.50/share ...

5. im just holding my UBP for the medium term ...

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 (the values for the indicators are the default values used in citiseconline.com's charts) ... in the absence of any personal charting program, the pse website's charts are enough for the purpose.