*i am a short term trend follower ...
*the following are not stock picks ... these are just stocks that got my current fancy ...some philippine stocks (02 jul 2021):
$PSE:AREIT 36.80 ... up 0.41% ... negative macd histogram ... cutloss just below 35.60 ... matuloy na kaya breakout?
$PSE:GMA7 14.48 ... up 1.26% ... positive macd histogram ...
$PSE:ICT 165.30 ... up 3.31% ... positive macd histogram ... all time high na ba?
$PSE:SPC 12.40 ... unchanged ... positive macd histogram ...
$PSE:WLCON 21.00 ... up 6.06% ... positive macd histogram ... all time high den?
the following are the things that i do (subject to change without prior notice) ...
a. if a stock has a negative macd histogram:
1. if pababa pa at least 1 macd line ... dont buy pa ... wait pa ...
2. if nagbottom na yun price (nag bottom na yun price if current price is higher than current bottom) ... buy 1/2 of position initially ... with cutloss at just below the current bottom ...
b. if positive na macd histogram:
1. if wala pa position ... dont buy na .... look na lang for other stocks with negative histogram (see a.1 above) or
2. if meron na position ... adjust na lang stops: adjust stops at higher than previous stop (usually at previous support) or stay lang at current stop ... selling the posiition only when stops are hit (sell in one go or sell in tranches ... kanya kanyang style na yun)... or ... add if may breakout ...
