Nickel Asia (NIKL) and some lazy updates

The market opened the week lower by 16.71 points closing at 4186.89. The weekly chart is looking relatively weak while the daily chart is relatively toppish as of the moment, suggesting further sideways movement with downward bias.

NIKL was listed today in the PSE showed relative strength on the opening, managing a high of 19.40 before closing at 16.50 caused by profit taking. Can't blame them for taking it, more or less 29% gain a day is very hard to ignore.
NIKL IPO is priced at the lower end of its range at P15.

NIKL Intraday Chart:



Breaking above 17 could possibly reverse its intraday trend. However it could also meet immediate resistance at 18.20 levels.

I was trying to lock my profits in AEV today but all of my broker's line were busy 10:30 am onwards.

Anyway, one of my other technical indicators that I am still testing seems to be reliable when to take profits. I will test it further - and back test it later.

AP is up by 23.76% within twenty-one trading days with doubled up position.
AEV is up by 11.24% within ten trading days.