The market today ended relatively flat as it closed only by 11.44 points higher from yesterday' s session.
Today, I bought DGTL at 1.69 but it closed 1 centavo lower at 1.68. I am not bothered with the small loss though as it made a gap up from yesterday's closing with exceptional volume, almost five times of its daily turnover this past week. The PAR-SAR in the weekly charts also pointed this week as a buy. Immediate resistance at 1.76 while the target of the gap today is at 1.89.
I also took a small position in MA at .029 but it closed at .026 so this is another loss for me. I bought both issues too early today but it can't be helped. I think that the last thirty minutes is really the best time to buy.
Hopefully I can get out alive in MA or with a smaller loss. Weekly PAR-SAR just pointed a buy signal last week so it could still advance by next week. The reason I am shaky in playing this issue is I am not familiar with its behavior.
I probably should have bought MEG instead of MA with the remaining funds for swing trading.
MEG gave a buy signal today. It's now 1.71% higher from my break-even point.
I think I can use the lower PAR-SAR line as an indicator where to add up positions if the stock is still trending up strongly.
Sitting on a 12.80% net paper loss in MA on a small position, 1 centavo loss in DGTL and 1.71% net paper gain.
Charts later!
