I was planning to do some day trading today and CYBR was on the top of my list and I would only trade it if it doesn't make a gap on the opening - exactly what happened today so I didn't buy it. Instead, I decided to look for possible trades for the day.
I didn't find anything worth trading (with minimal risk). So no trades were executed today.
Fortunately, stocks that are trending/moving up strongly for the past week that I've been watching has started to make corrections: SMC, MPI, MER, and BEL. BEL, however, is showing RSI bearish divergence so I am having doubts on to whether to trade it or not. I read before that a trader should look out for signs on not to trade the stock. That's a reason not to trade so I might take it out of the my list. NIKL also looks nice so I might also trade it when I find a good entry.
I am still looking to trade third liners/penny stocks though.
Looks like AGI is just range trading for the mean time. It needs to form a higher low - a bounce at 12 levels - to resume its uptrend.
I wanted to buy AEV today but somehow I did not have the guts to execute the trade. RSI breakout and turning up of the ROC should have been enough to trade it. It might be the limited short term upside.
JGS seems to be having a bullish RSI divergence.
And did ICT formed a double top today?
