MPI chart as of 06 JAN 2017
(click on the chart to enlarge)
remarks:
1. MPI closed lower to 6.91
2. resistance: 7.00 ...
3. the macd histogram is above the 0 - horizontal; it is higher ...
4. if i were a short term trend follower* and i have mpi ... id just watch and sell if my stops are hit ...
if i dont have mpi and thinking of buying ... id just let this one pass ... the macd histogram is high na ... ideally i buy stocks with macd histograms at below the 0 - horizontal ... buy some other stocks na lang muna ...
* 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.
