Aboitiz!

The index has held above 3730 support and suggesting further advance/s in the short term. If the index meets resistance at 3900 levels, I would be expecting it to move sideways from that onwards, until it breaks a support/resistance.

Today's performance was led by AEV with a humongous gain of 17% for today, lifting
the index up by 29 points from -26 points with exceptionally high volume courtesy of AEV 3.8B turnover, followed by AP, AGI, MBT, TEL and SM.

Gainers is led by AEV +17.50%, followed by ORE +8.54%, PCOR +7.69%, GLO +7.58%,
SECB +6.44%, CEB +5.95%, CYBR 3.88% and AP +3.24%.

Losers is led by PX -9.84% after releasing the news of 100% increase in income for the 2010, ICT -8.08%, MWC -5.63%, JFC -5.49%, WEB -4.62% and VLL -4.11%.

TEL did completely the opposite of what I was expecting, losing 2.79% instead.

Totally missed out the action today in AEV. I was thinking whether to buy the 7k shares at 43 or not but I decided not to act on it. I would be very cautious to buy AEV now. A very long white candle with large volume could probably result into a blowout. MACD/RSI bearish divergences are both showing on the daily chart. Weekly chart is showing bearish RSI divergence too. With that being said, it is probably safer to trade it with a tight stop loss.

The volume in AEV today could mean a blowout or it could also mean a reversal already. Place your bets.

NIKL is still being bought up at the closing. A strong close at 22 or above would suggest that the demand for the issue is back.

Previous doji setups in CYBR is now up by 3.88%, MBT slightly higher, MPI slightly down, NIKL up by 3%, and SECB is now up by 5%. Removing the lagging MBT and MPI, issues with a doji setup produced profits after an average of 2 days, gaining an average of 3% during the holding period. 60% of winning rate with 3% average gain in 2 days after the doji setup, 40% chance of losing with minimal loss(commission and tax) within the same holding period. Profitable? Maybe the other positions would also turn out profitable after a few more days or so. Will monitor further to determine how long it would take to make them a winner/loser.