From the looks of it, it is still a long way to go.
The higher end of the IPO price is my long term target.
Thursday, January 20, 2011
Nickel Asia (NIKL)
NIKL Daily Chart
From the looks of it, it is still a long way to go.
The higher end of the IPO price is my long term target.
From the looks of it, it is still a long way to go.
The higher end of the IPO price is my long term target.
Lepanto Mining (LC)
LC Daily chart:
The chart says pretty much everything. Possible range trade and trend with it.
The chart says pretty much everything. Possible range trade and trend with it.
Bleeding index is bleeding.
I am proud to say that everything I lost on the basura plays lately(plus the paper loss in ELI), I recovered back today with NIKL. NIKL is the superstar in today's session as it is bucking the Index lately. I completed my initial position in NIKL today. I wanted to add more but I didn't want to pull my average entry up too much. I will be waiting for a correction from 22 before I start adding up again.
Sold CYBR for a loss as my stops are hit during the early morning surge/slide.
APC has started to advance and it has now broke and closed above its resistance at 0.89.
Although ELI is still trading within expectations it is still losing(disappointingly). I'm still keeping it(prolonging losses) as it is somehow forming a bullish candlestick reversal pattern: Three starts in the south. Let's see how it goes in the short term.
Short term trading setup appeared in MEG and SCC. I'll toss a coin which one to trade tomorrow as I still have some cash after buying AGI for another quick range trading.
I'll post the chart of LC later as I couldn't get the clearance to trade it because of "moral issues".
The index lost another 33 points today. This suggests that the selling pressure is easing up and we are just about 6 points higher from the psychological support at 4k.
Let's see how things go tomorrow.
Sold CYBR for a loss as my stops are hit during the early morning surge/slide.
APC has started to advance and it has now broke and closed above its resistance at 0.89.
Although ELI is still trading within expectations it is still losing(disappointingly). I'm still keeping it(prolonging losses) as it is somehow forming a bullish candlestick reversal pattern: Three starts in the south. Let's see how it goes in the short term.
Short term trading setup appeared in MEG and SCC. I'll toss a coin which one to trade tomorrow as I still have some cash after buying AGI for another quick range trading.
I'll post the chart of LC later as I couldn't get the clearance to trade it because of "moral issues".
The index lost another 33 points today. This suggests that the selling pressure is easing up and we are just about 6 points higher from the psychological support at 4k.
Let's see how things go tomorrow.