Besides the fact that the index got severely murdered in today's trading, nothing much happened in today's session. The index wasn't spared from the turmoil overseas(Egypt), closing 2.24% lower from yesterday. As of writing, Asian markets are down by more than 1% so that still makes us the biggest loser, second to NASDAQ's drop last Friday at -2.48%.
The drop was led by TEL -0.73%, AP -5.29%, MER -6.93%, BPI -4.98%, AC -5.29%,
SM -3.89%, AGI -2.71%, and MBT -2.55%.
Panic selling was seen everywhere. My core stock - NIKL - experienced its heaviest drop today, dropping to 19 before closing 19.54, 4.68% lower from yesterday.
The drop today left huge gaps at (20.50 and 20.10) and (19.90 and 19.70) visible on the 5-minute candlestick chart.
I am expecting the gap at 19.90-19.70 to be filled in the next few days but I am having doubts that the gap at 19.90 will be filled immediately.
I put up another small position at 19.44 today.
SCC is very heavy, closing almost unchanged at 198.90 - my original entry. I am hoping that it rebounds in the short term as Oil is starting to move up again.
It looks like it's forming a symmetrical triangle on the daily chart.
Yikes with LC. Timing of entry is a little off but the stock is moving within expectations. Rising method candle pattern on the weekly chart.
I couldn't make anything out of SMC so I wont be touching it in the short term or until it fills the gap.
AP seems to be forming a symmetrical triangle pattern(bearish) on the daily chart.
I am patiently waiting for AGI.
The game has definitely changed. Dead cats, anyone?
