if i were a short term trend follower*: WLCON/WILCON DEPOT, INC. (18 OCT 2017)

WLCON chart as of closing of 18 OCT 2017
the chart is courtesy of INVESTAGRAMS
(click the chart to enlarge)

remarks:

1. the macd histogram is below the 0 - line ... it is higher ...

2. WLCON closed higher to 8.24 ... up 3.26% ... 

3. if i were a short term trend follower* ... and i plan to enter WLCON ... i may enter it na at these levels (or as close as possible to 7.95) since it already fulfills my three basic indicators: 1) the macd histogram is below the 0 - line; 2) the histogram is up; and 3) the price is up ... cutloss just below 7.95 (example: 7.90)...

* 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.

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