ALCO chart as of 01 FEB 2017
(click on the chart to enlarge)
remarks:
1. ALCO breaches the 89 centavo resistance to close higher to 96 centavos ...
2. resistance: 1.00 ...
3. i dont have a clear view of the macd histogram ... but definitely it is higher ...
4. trend traders will fade the 1.00 peso resistance ... i will just hold on and sell when my stops are hit ...
* 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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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.
