a filipino trend follower's blog: my take on: TBGI/TRANSPACIFIC BROADBAND GROUP (24 AUG 2018)

Friday, August 24, 2018

my take on: TBGI/TRANSPACIFIC BROADBAND GROUP (24 AUG 2018)

remarks:

*im using the PSE TOOLS chart for my reading ...

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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TBGI 24 AUG 2018

chart reading as of end of 24 AUG 2018

1. the macd histogram is still below the 0 - line ...

2. TBGI closed higher to 69 centavos ... up 2.99% ...

3. most recent bottom: 64 centavos ...

4. resistance/breakout: 83 centavos ...

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my take on TBGI:

1. if i were a short term trend follower ... pwede pa ako buy at these levels ... cutloss just below 64 centavos (example: 60 centavos) ...

*follow me at finance manila

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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