Wednesday, May 25, 2011

Sold(cut-loss) half PX @19.66 earlier today. Remaining position break-even level is now up @20.
Proceeds used to buy additional LC @0.81.
Free cash used to buy additional LC @0.78.
Only 1 losing position in LC, bought @0.85.
I'd probably lighten up somewhere 0.90+ but if this one closes higher than 0.88, I'd probaby hold for the meantime.

AGI broke down/gap down and closed below support @11.
DMI sell signal on daily and weekly chart.
wRSI broke down.
Triple EMA breakdown.
Pattern breakdown target: 9.12.
Medium term support: 10.

AP weekly 50MA/Pattern support: 27.
wRSI broke support.

AT Range trade. Trading range 16-18. Possible trend candidate. wMACD Buy signal.

CMT support 1.20.

LCB possible doji setup.

LR possible doji setup.

MA gap support @0.039 held(?)

MER MPP possible penetration. Buy stop @257.

PX weekly reversal pattern. wRSI sell signal. Watch price movement at wRSI support.

SMDC range trade. Trading range 8.50-9.50.

SMPH breakout candidate. Normal resistance @12. Trading range 11.50-12.

URC WPP buy signal.


PSEi is bearish. New RSI low but index is still not making new lows.
All shares index looks like holding up(RSI support).
Financial sector is forming successive lower RSI highs(bearish divergence). DMI sell signal today.
Holding sector is forming successive lower RSI highs(bearish divergence) and currently trending down but trend strength is starting to pick up.
Industrial sector is holding up(RSI support) but currently trending down and trend strength is starting to pick up.
Mining sector is holding up(RSI support) with a possible short term reversal play(doji setup).
Property sector appears to be in a weak downtrend.
Service sector appears to be in a weak downtrend.

LC

Bullish divergence on 5-min chart:




Or I am probably just hallucinating lol
Can the bears push AGI down to 10?