ALI chart as of 06 JAN 2017
(click on the chart to enlarge)
remarks:
1. ALI closed higher to 34.50 ...
2. resistance: 34.80 - 34.85 ... 34.95 - 35.00 ...
3. the macd histogram is above the 0 - horizontal; it is higher ...
4. if i were a short term trend follower* ... id just watch and sell if my stops are hit ... if i were a trend trader ... id sell the resistance ...
* 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 AGI at the moment
for more philippine stock market views and information please check:
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!
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.
