Thursday, January 11, 2018

chart monitor: MWIDE/MEGAWIDE CONSTRUCTION CORPORATION (11 JAN 2018)


MWIDE chart as of closing of 10 JAN 2018
the chart is courtesy of INVESTAGRAMS
(click the chart to enlarge)

remarks:
1. the macd histogram is below the 0 - line ... it is lower ...

2. MWIDE closed unchanged to 17.80 ...     

3. if i were a short term trend follower* and i want to buy MWIDE ... i may buy it now: while the histogram is still lower ... the price is already higher (unchanged as of yesterday) ... cutloss: just below 17.66 (example: 17.50) ...

***follow me at finance manila

* 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

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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