The market recovered some points that it lost yesterday in today's session, closing higher by 1.26% at 4120.62. Most of us would be wondering if we have found a support at current levels already. Maybe we have, maybe we still haven't and the landslide might still continue up to 4000 or even at the major support at 3896. Best we could do is protect our profits and keep our stops tight.
MACD has finally dropped below the zero line suggesting further corrective-consolidation in the short term. Rate of change and momentum are both building up suggesting a bounce is possible in the short term. Weekly chart is also confirming the daily ROC and momentum.
Top gainers today with relevant volume are SMB +16.43%, AEV +7.89%, ACR +6.38%, AGI +5.47%, SMC +5.32%, AP +4.76%, CEB +4.50% and AC +4.38% while MK is up again by 50% with insignificant volume. Majority of the losers today are third liners.
AP and AEV both performed really well today, AP gaining 4.76% closing at 31.90 while AEV gained a hefty 7.89% closing at 38.30. I'm going to hold them for a while as they are performing very well, specially during last week's heavy decline.
Personal target for AP is 35.
Personal target for AEV is 45.
AP is up by 17.85% within nineteen trading days with doubled up position.
AEV is up by 9.24% within eight trading days.
Just holding on tight and keeping a tight trailing stop this time.
