SMPH chart as of closing of 21 DEC 2017
the chart is courtesy of INVESTAGRAMS(click the chart to enlarge)
1. the macd histogram is above the 0 - line ... it is lower ...
2. SMPH closed higher to 36.90 ... up 0.55% ...
3. if i were a short term trend follower* and i want to buy SMPH ... id wait muna ... the macd histogram is above the 0 - line pa ... id wait until the histogram is below the 0 - line uli (waiting until the histogram is below the 0 - line ensures that i will be buying at the lower levels of SMPH ... remember: buy low - sell high) ...
... if i have SMPH na ... id hold lang ... ill sell when my stop is hit ...
* 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 (my values for the indicators are the default values used in the INVESTAGRAMS charts) ...
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