BEL chart as of 05 JAN 2017
(click on the chart to enlarge)
remarks:
1. BEL closed higher to 3.27 ...
2. the macd histogram is higher ...
3. resistance: 3.38 ...
4. if im a short term trend follower* who has BEL ... id just hold and watch ... and sell when my stops are hit ....
if im a short term trend follower who does not have BEL ... id just wait until the macd histogram is below the 0 - horizotnal again before thinking of entering bel ... or ... just buy some other stock in the mean time whose macd histogram is below the 0 - horizontal and is rising ...
* 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
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.
