SMC chart as of closing of 09 JAN 2018
the chart is courtesy of INVESTAGRAMS(click the chart to enlarge)
1. the macd histogram is above the 0 - line ... it is higher ...
2. SMC closed higher to 125.70 ... up 3.46% ... a 52-week high ...
3. if i were a short term trend follower* and i want to buy SMC ... id wait muna until the histogram goes below the 0 - line again ...
... if i already have SMC ... hold lang ako .. 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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