if i were a short term trend follower*: MED/MEDCO HOLDINGS, INC (26 FEB 2017)

MED chart as of 24 FEB 2017 

(click on the chart to enlarge)

remarks:

1. MED closed lower to 68 centavos ...

2. support: 68 centavos ... 64 centavos ... 55 centavos ...

3. the macd histogram is below the 0 - horizontal ... but it is higher ...

4. i want it to go down pa e ... but the histogram may be telling us something ... if i were a short term trend follower* ... i may buy 1/3 of my budget for MED at this level ... cutloss at 63 centavos ...

* what is a "short term trend follower"

* 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!

click here for an explanation of the indicators ...  

click here for my trading rules

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.