1. $ALT - Operators failed to push the price down to their target level with huge volume. It opened @ 2.40 but buyers pushed the price up and closed @ 2.48. Having a morning star looks positive to me considering the negative press release yesterday. This candlestick could be a reversal sign. Though the volume is not as impressive as in typical reversals, it is actually double the size of the volumes during the five previous trading sessions. I think today's volume shows that majority of buyers are still cautious.
The stock closed with an encouraging bid of 91ksh @ 2.48. The 604ksh in the ask side appears to me more of a psychological wall to intimidate holders/buyers. Orders like this aim only @ one thing, to depress the price only to buy back later @ the floor.
Trading decision: simply sit down.
2. $CAL - It appears that the stock is bullish. However, based on the historical behavior of this stock, it could have one more run before it corrects.
Trading decision: wait for next entry.
3. $ APX - Traders lost interest in this stock. $DXY is soaring and $XAUUSD is falling. Gold broke the 1200 support and touched 1170 as the new low.
Trading decision: avoid.
4. $PX - All internal indicators (OHLC+Ave+Vol+Value) are red. Price supporters (basec, bdo, angping, goldstar) stopped pushing the price up. Though MVP reports that weak Php is good for $PX, gold price remains the primary catalyst.
Buyers are simply waiting @ 8.14. Sellers are hesitant to sell and are looking for a higher price. Bid @ 8.14: 1Msh.
Trading decision: avoid not until $DXY corrects and $ XAUUSD breaks the 1200 resistance.
The stock closed with an encouraging bid of 91ksh @ 2.48. The 604ksh in the ask side appears to me more of a psychological wall to intimidate holders/buyers. Orders like this aim only @ one thing, to depress the price only to buy back later @ the floor.
Trading decision: simply sit down.
2. $CAL - It appears that the stock is bullish. However, based on the historical behavior of this stock, it could have one more run before it corrects.
Trading decision: wait for next entry.
3. $ APX - Traders lost interest in this stock. $DXY is soaring and $XAUUSD is falling. Gold broke the 1200 support and touched 1170 as the new low.
Trading decision: avoid.
4. $PX - All internal indicators (OHLC+Ave+Vol+Value) are red. Price supporters (basec, bdo, angping, goldstar) stopped pushing the price up. Though MVP reports that weak Php is good for $PX, gold price remains the primary catalyst.
Buyers are simply waiting @ 8.14. Sellers are hesitant to sell and are looking for a higher price. Bid @ 8.14: 1Msh.
Trading decision: avoid not until $DXY corrects and $ XAUUSD breaks the 1200 resistance.
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