PXP chart as of closing of 06 MAR 2018
the chart is courtesy of INVESTAGRAMS(click the chart to enlarge)
1. the macd histogram just crossed the 0 - line on the downside ... it is lower ...
2. PXP closed lower to 15.60 ... down 8.34% ...
3. if i were a short term trend follower ... and i want to buy PXP ... id wait muna ... the price and the histogram are still down ... but im on the watch na for the trend back up starting today ...
***follow me at finance manila
*my buy criteria: i buy when the following happens:
1. the macd histogram is below the 0 - line
2. the histogram is higher or the price is higher than the most recent lowest low
* 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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