What the pictures says.
Monday, February 7, 2011
Aboitiz Power Corp (AP)
Daily Chart
Hypothetically short of 4000 shares at 27.15.
Waiting for reversal and long entry signal.
Hypothetically short of 4000 shares at 27.15.
Waiting for reversal and long entry signal.
Semirara Mining Corporation (SCC)
Daily chart
The issue appears to have plenty of bearish divergence which is used to determine a huge drop in the short term. However, the divergence appears too often in the said issue, rendering the signal hardly useful so I would simply follow its trend.
The issue appears to have plenty of bearish divergence which is used to determine a huge drop in the short term. However, the divergence appears too often in the said issue, rendering the signal hardly useful so I would simply follow its trend.
Yes please.
It was generally a boring market today as we had the usual morning sickness, desperately holding to a 13-point gain, sliding during mid session before closing 7 points higher at 3880. The way the market is acting up, I think we are pretty much poised for reversal. Declining volume plus declining NFS? Yes please.
As boring as it was, the general market decided to make some money in certain issues, ELI was able to sustain its gain until the closing. Looking closer though, it hardly moved during the day. It simply held onto its gains from the opening until the closing.
It gained 14.52% today with considerable volume.
(No matter how hard I look at its chart though, I can't seem to figure out to trade it).
Other stocks with considerable volume are DFNN 8.83%, ION 5.07%, and TA 4.76%.
I was convinced that AGI is on the brink of breaking out in the short term so I decided to put up the initial position at the closing.
NIKL performed pretty well today. The bearish RSI divergence got cancelled today. With that out of the way, I am going to follow its trend now. I am expecting profit taking by tomorrow. I would probably buy the final batch for the position once it makes a correction.
Just waiting for FLI to correct further before taking up positions. It goes back to its recent low, I would probably just sell the cats.
MPI gave a trend buy signal. However, price movement and volume is hardly convincing so I did not touch it. Yet.
Hypothetical short position in AP is down by 1.28%.
As boring as it was, the general market decided to make some money in certain issues, ELI was able to sustain its gain until the closing. Looking closer though, it hardly moved during the day. It simply held onto its gains from the opening until the closing.
It gained 14.52% today with considerable volume.
(No matter how hard I look at its chart though, I can't seem to figure out to trade it).
Other stocks with considerable volume are DFNN 8.83%, ION 5.07%, and TA 4.76%.
I was convinced that AGI is on the brink of breaking out in the short term so I decided to put up the initial position at the closing.
NIKL performed pretty well today. The bearish RSI divergence got cancelled today. With that out of the way, I am going to follow its trend now. I am expecting profit taking by tomorrow. I would probably buy the final batch for the position once it makes a correction.
Just waiting for FLI to correct further before taking up positions. It goes back to its recent low, I would probably just sell the cats.
MPI gave a trend buy signal. However, price movement and volume is hardly convincing so I did not touch it. Yet.
Hypothetical short position in AP is down by 1.28%.