The market closed slightly lower from Friday's session by 7 points (0.17%). If there would be no positive follow through tomorrow, I am expecting the market to continue moving sideways and looking to buy at 4146 levels.
AP still closed higher by 0.18% but the selling was pretty obvious today. Still having divergence in momentum and rate of change suggesting consolidation in the short term.
DMC advanced further today gaining 1.84%. However, weakening momentum and declining rate of change are now suggesting that the price is currently at its peak.
I was second guessing my decision in buying AP before as I might have seen what I wanted to see. It seems like I was not and AP moved considerably in my direction. Same case with DMC. However, it looks like I took the position relatively late as it seem to be trading at the top of its trading channel and still moving sideways.
Anyway, I'll be holding both of them for the meantime till they reach my personal targets.
AP is now up by 7.39% in five days.
DMC is now up by 1.84% in one day.
