Personal Disclosure

The market gained 57.21 points at 4249.17 today, 1.28% higher from yesterday's closing, continuing to move sideways with a support at 4146 and resistance at 4250. Momentum and rate of change are now both pointing up and confirming each other, suggesting that there would be further advance in the short term. If both indicators confirm each other on the weekly charts by next week, the resumption of the uptrend would probably come earlier than I expected.

Top gainers for today are MER, AEV, AP and SMPH while top losers are mostly comprised by third liners.

AGI opened strongly at 11 before it was sold down by MACQUARIE and CLSA, closing at 10.86. Momentum-Rate of change reading right on the money. Today's reading is relatively different as momentum has started to gain strength while rate of change declined further. Resumption of the uptrend would be late this week to early next week.

AP continued to advance further today, gaining 3.65% today closing at 26.95, made a gap up from yesterday's closing. If the gap doesn't get filled tomorrow, immediate target would be at 28.80. Momentum and rate of change are still both pointing up suggesting further advance in the short term and both are still less than half-way from their previous peaks.

MEG would seem to consolidate further in the short term as momentum and rate of change are diverging from each other. Pull backs to 2.40 should provide a good entry. Target would be around 2.90 once it starts to advance (symmetrical triangle target).

DMC did continued to consolidate today. However, despite the diverging momentum and rate of change, it appears to me that it is ready to resume its uptrend as the momentum is starting to gather strength. Buy if price crosses over the 10SMA.

Still confused with PX as the latest candlestick doesn't seen to be confirmed much.

Lost my bet on AT as it advanced further in today's session. It would be safe to assume that it would advance further until next week as both momentum and rate of change are pointing up.

On the other hand, looks like I am right on ORE. Both momentum and rate of change just started to point down (from the peak) suggesting further decline in the short term.

I'll be posting charts of my previous trades later.

AGI is still sitting on commission/tax loss for seven trading days.
AP is now up by 3.18% in 3 days.

*In a relatively choppy market, buy what's showing strength.