SM chart as of closing of 03 OCT 2017
the chart is courtesy of COLFINANCIAL
(click the chart to enlarge)
remarks:
1. the macd histogram is above the 0 - line ... it is higher ...
2. SM closed higher to 902.00 ... up 0.56% ...
3. hindi pa din bumababa si SM ... sumampa na sya above 900 ... im tempted to buy konti at these levels ... baka kasi hindi na bumaba below 900 ... ok din lang if bumaba ... i can handle the loss ...
why im i buying SM again? i had SM before but i sold it ... it is a low beta company ... but im buying it again kasi its now the top philippine company in terms of capitalization ... the index does not move without it ... and it has the top companies in each field (SMPH and BDO) ... i wont ever be without SM ever again ... i may sell some SM in the future ... but i will still have SM in my portfolio as my core holding ...
* 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!
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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