Gainers with significant volume today are DFNN which continued to hold its gains from yesterday, gaining another 9.79% today. Other gainers with significant volume are LCB +3.49%, CMT +3.27%, NIKL +3.16% and SMC +2.95%.
Major index losers are SM -3.48% and AC -2.20%.
I totally missed the trade in DFNN since, well, I wasn't really observing non-marginable stocks for now. I am trying to look for/trade issues with consistent and sustainable trends.
AGI is looking good and it seems like it is poised to break 12 in the short term.
Symmetrical triangle pattern visible on the 5-minute chart was broken with breakout point at 11.80. Target is at 12.24. Closing is seems pretty strong too so breaking the barrier at 12 is very possible.
NIKL Continued to advance today, registering a new high at 23 before closing slightly lower at 22.85. 23 is jammed pretty good today but once it's taken out, it could still go higher in no time. The time that it would actually reverse and go south is when there is nobody is willing to buy higher. Until that day, enjoy the profits and follow the trend for a stress-free trading.
SMC seems to be poised to breakout at 185 so I opened up a position before the closing. I could probably made a mistake as the 5-min chart looks weak somehow.
I opened SMB intraday charts(5-min) by mistake but then I saw an ascending triangle pattern pointing at 35 as target.
The net has been cast so let's wait to catch some big fish.
Worth the time to watch this:
http://www.guerillastocktrading.com/lessons/im-a-jerk-which-stock-chart-is-better-part-2
It's like attending a seminar, for free!
(Copy-paste the url, blogger can't seem to put up a direct link to websites).
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