SM chart as of 23 DEC 2016
(click on the chart to enlarge)
remarks:
1.SM closed higher to 615.00 ...
2. support: 602.00 ...
3. the macd histogram is below the 0 - horizontal; it is lower ...
4. if i were the short term trend follower, id wait first ... the macd histogram is still pointing down ... ideally id consider buying if the macd histogram is ponting up ...
5. if nagmamadali ... pwede din bumili na .. 1/3 of the allocation for the stock as usual; cutloss just below 602.00 (a little below 600 if im generous) ... but just be reminded that the macd histogram is still pointing down so not really the ideal situation pa ...
* 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
* i dont have SM at the moment
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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.
