chart monitor: MER/MANILA ELECTRIC COMPANY (21 DEC 2016)

MER chart as of 21 DEC 2016 

(click on the chart to enlarge)

remarks:

1. MER closed higher to 259.20 ...

2. the macd histogram is higher ... 

3. support: 255.20 ... 250.00 ...

4. im just betting that the dividends this year will provide the support that MER needs ... (at 10% yield ... the 25.08 divs this year translates to 250.80 ..) 

*these notes are mine alone ... and are for sharing with short-term trend followers  

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FINANCE MANILA

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!

click here for an explanation of the indicators ...  

click here for my trading rules

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.