Monday, September 11, 2017

chart monitor: PXP/PHILEX PETROLEUM (11 SEPT 2017)


PXP chart as of closing of 11 SEPT 2017
the chart is courtesy of COLFINANCIAL 
(click the chart to enlarge)


remarks

1. PXP closed higher to 5.30 ... up 4.95% ... 


2. the macd histogram is above the 0 - line ... it is higher ...

3. hinihintay ni PXP ang good news on the Western Philippine Sea front ... it has only 1.7 billion shares (equivlent to 9.0 billion pesos as of 11 SEPT 2017) ... magkano ba ang estimated na nilalaman ng SC 72? ... assuming ma-lift ang force majeure ni DOE ... i can only guess that the price of PXP will continue rising ... i remember nanggaling sa 48 pesos ito ...

* 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.



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