Basura Plays Update

APC:



Formed a lower peak after a double top.

*Should have waited to break the double top before buying?
Possible support at 0.80.

Dark cloud cover candle on daily charts.
No RSI bearish divergence.
Normal correction.

ELI:



Formed a lower peak followed by an accelerated break down of the uptrend line.

*Should have waited for a sign of recovery before buying?

Possible Support at 0.70
Dark cloud cover on daily chart.
Bearish RSI divergence on the daily price.


SINO:



Formed a lower peak followed by accelerated decline but found(?) support at 0.43.
Buy if 0.45 is taken out.

Dark cloud cover candle on daily chart.
Bearish RSI divergence on the daily price.


*Note to self: Buy at the closing on red days and sell on panic buying days?

Stop the bleeding.

The market lost 75 points in today's trading. Major losers are led today MEG, MBT, MER and SM.

Bought APC and ELI today. Terrible timing I say as they both end up with paper losses. Good thing I only risked 1% on both position. Still doing it the wrong way. Anyway, I'm still going to try to learn how to trade them.

I closed my position in MBT at 64.40 at a loss. I closed my position in AGI at 12.02.

I thought I was seeing a falling method candlestick formation plus bearish RSI divergence in CYBR so I was really skeptical with it.

AP is looking to move sideways with downward bias(?).

Charts for the third line plays later as I am having trouble loading the charts. Let me see what I should have done.