The market has finally broke the resistance at 4250 after moving sideways this past week. If it is not a false breakout, 4350 is very possible in the short term. However, if it is a false breakout, look into buying within 4146 levels.
AP continued to advance last session gaining 3.90%, closing at 28. Looks like the gap is going to be filled as momentum is relatively top-ish with declining rate of change. Or it might consolidate for a few days before heading back up. Weekly chart is still pointing up so any weakness in the daily chart should provide buying opportunities with minimal risk.
AGI is poised to head up as suggested by the increasing rate of change and momentum. However, there seems to be a strong selling when it reaches 11.18 levels.
DMC advanced last Friday gaining 5.37% closing at 35.30 and it is still poised to head up further as the rate of change just started to point up. Price movement has also satisfied the buying condition.
MEG continued to consolidate last Friday, barely moved at 2.55 levels after breaking out of its symmetrical triangle formation. Immediate target at 2.90 once it resume its uptrend.
The candlestick of PX last Wednesday was confirmed as a hammer last Friday as it seem to reverse its current price movement in the short term.
AT continued to advance last Friday and it seems like it will have a continuation of its advance up to early this week.
Busy weekend so I didn't get the chance to edit and post charts of previous trades.
I sold AGI last Friday for 1% commission loss after holding it for the eight days and I bought DMC with the proceeds as my buying condition for it was satisfied, plus it looks better than AGI last Friday.
Bought DMC at 35.30, closed at 35.30.
AP is now up by 7.20% in 4 days.
*I increased my position in AP last Wednesday, buying at 25.60 and 25.85 not to average down - after buying at 26.60 - but it simply showed a trade setup.
