MER chart as of closing of 04 JAN 2018
the chart is courtesy of INVESTAGRAMS(click the chart to enlarge)
1. the macd histogram is still below the 0 - line ... it is lower ...
2. MER closed lower to 327.00 ... down 0.91% ...
3. if i were a short term trend follower* and i want to buy MER ... i may buy it now ... my basis: . the histogram is still below the 0 - line ... while the histogram and the price are lower, it is still above the 319 cutloss thresh hold ... ... although it would be better to buy as close to 319 as possible ... cutloss: just below 319 (example: 315.00)
* 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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