a filipino trend follower's blog: my take on: FB/SAN MIGUEL FOOD AND BEVERAGE, INC. (23 JUL 2018)

Monday, July 23, 2018

my take on: FB/SAN MIGUEL FOOD AND BEVERAGE, INC. (23 JUL 2018)

remarks:

*my computer has been acting up again ... and i cant use my screen capture application to take pics of my charts ... so just please bear with me ..

*im using the COL FINANCIAL chart for my reading ...

*follow me at finance manila

THIS IS MY DAILY CHART MONITOR OF PSE STOCKS ... I MAY OR MAY NOT HAVE A POSITION ON THEM ... THIS IS BEING DONE JUST FOR MONITORING ONLY ... NOT EVEN FOR EDUCATIONAL PURPOSES ...

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chart reading as of end of 23 JUL 2018

there is a slight difference in the chart reading in the COL FINANCIAL and INVESTAGRAMS charts .. as the INVESTAGRAMS chart is currently unavailable ... im using the COL FINANCIAL chart ...

1. the macd histogram is above the 0 - line ... it is higher ...

2. FB closed higher to 70.00 ... up 12.90% ...

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my take on FB:

1. if i were a short term trend follower ... id wait pa until the MACD histogram is below the 0 - line before thinking of buying ...

2. if i already have FB ... i have three options:

- sell all when my stop is hit ... or ...

- just hold until before the follow-on offering is conducted ... or ...

- sell in tranches ...

3. since malaki tinaas kanina ... tomorro and the coming days may see selling in FB ...

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*my buy criteria: i buy when the following happens:
1. the macd histogram is below the 0 - line
2. if the current price is higher than the most recent price bottom
3. i buy on breakout ONLY when adding to an ALREADY EXISTING position

*when do i sell? i sell when:
1. i cutloss just below the most recent bottom
2. my trail stop is hit (this means that my position is already net positive)

*what stocks do i buy?
1. index stocks
2. stocks that have a current story as disclosed in the edge website ...
3. speculative stocks

*what do i do when i start buying a stock?
1. when i buy, i buy in phases .... when i see a stock fulfilling my buy criteria .... i initially buy 1/3 or 1/4 of my allocation for a particular stock ... then i wait and observe ....pp
2. on subsequent days ... when the price of the stock advances... i add 1/3 of my allocation ....
3. i add my last 1/3 allocation when the stock advances some more ...

*what i dont?
http://1kagemusha.blogspot.com/2012/03/what-i-dont.html.

* 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!

click here for an explanation of the indicators ...

click here for my trading rules