ALCO chart as of 04 JAN 2017
(click on the chart to enlarge)
remarks:
1. ALCO closed higher to .46 ...
2. the macd histogram is below the 0 - horizontal; it is higher
3. resistance: . 49 - .50 ... .57
4. a nice position to buy alco now for short term trend followers* as the macd histogram is still below the 0 - horizontal but the macd is now rising ... altho the cut loss point is below .38 (malalim ... a little too low for many) ...
* 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
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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.
