The index has finally broken its 6-day losing streak by closing higher by 1.54% at 4139. Hopefully, the market would simply consolidate for the mean time and build a stronger base before heading back up.
Despite of the strong rally of the market today, AP continued to consolidate gaining 0.33% closing at 30.50. Technical indicators are showing slight divergence from each other suggesting further consolidation in the short term.
AEV closed higher today at 35.50 gaining 2.01% in today's session. Rate of change is pointing up while the MACD is weakening and pointing down suggesting that a rally is overdue in the short term as the consolidation might be overextended.
There are good looking trade setups that formed yesterday. Might be worth looking into AGI, DMC and MBT.
AP is up by 12.68% within seventeen trading days with doubled up position.
AEV is up by 1.22% past break-even point at 35.07.
