The market continued to decline on a lower turnover, declining by another 20.37 points, lower by 0.49% from last week's closing. Looks like we are going to go sideways until proven otherwise.
AP declined further in today's session, closing lower by 3.40% again. My medium term stop with AP got hit today so I sold my entire position at 31.80 and 31.60. I don't know what ATR is thinking but most of the foreign brokerage houses are selling and I don't see ATR supporting the stock. Anyway, my best case scenario for AP right now is to form a lower high in the short term and move sideways although I would still be on the lookout for a good buying window and I am hoping to get a bargain for it.
There are two setups that I am currently looking at so I'll wait and see how they go first.
