Saturday, January 21, 2017

chart monitor: UBP/UNION BANK OF THE PHILIPPINES (21 JAN 2017)


UBP chart as of 20 JAN 2017 
(click on the chart to enlarge)

remarks:

1. UBP breached the 77.00 resistance this week ... closing yesterday at 78.00 ... 

2. resistance 78.60 ...

3. finally the 77 resistance is broken ... 

4. im just adjusting my stops (although im inclined to do away with the stops for this stock) 


* 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.