DNL chart as of 10 MAR 2017
(click on the chart to enlarge)
remarks:
1. DNL closed higher to 12.58 ...
2. resistance: 12.66 ...
3. the macd histogram is still below the 0 - horizontal ... but it is rising ...
4. if i were a short term trend follower* ... id start buying and buy 1/3 of my allocation for DNL and wait ... if it goes up then id add some more ... but if it goes down below 12.32 ... then id do my cut loss ...
* 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.
