Despite of the positive movements of DJIA last Friday, it still took a beating on Monday. Good thing that the PSEi didn't follow suit and it still closed up by 7 points in today's session.
FLI continues to disappoint me closing 3.36% lower from Friday's session. However, positive signs are showing up on the charts so I am keeping my fingers crossed for the mean time. Ready to cut my losses. 7-trading days in portfolio.
MPI closed strongly today with a 3.37% gain from the previous session accompanied by outstanding volume. Now sitting on a 2.43% paper gain. 4-trading days in portfolio.
DMC held up strongly today closing unchanged from last Friday's closing at 21.35. 2-trading days in portfolio.
MEG closed lower by 1.59% at 1.86 in today's session but still holding up above its immediate support at 1.82. 2-trading days in comparison to DMC.
AGI is showing some strength now as I believe the sell down last week was over done. However, it still needs confirmation to warrant an entry this week.
I have been reading a lot and I was asking ellioticians before for price movements and targets. One thing I observed from their forecasts are they are relatively off the target by almost 20% most of the time. Anyway, I think it's better stick to my guns now as they are showing better accuracy in comparison to other people's guns.
Standing at 12.41% gain today of the target courtesy of AGI. 10-trading days left to reach the target.
2.43% paper gain in MPI.
3.36% paper loss in FLI.
DMC is currently unchanged.
Trading plan for this week: Sit back and sit tight.
