After the mini-celebration for hitting the 60% mark, its time to go back down to Earth.
After today's close, there are some potential trend reversals in my portfolio.
1. MiddleEastD: SAR indicates a reversal/retracement is around the corner. MA is converging to the 26day line. Signs of growth of the stock slowing down. MACD is also showing bearish signs. One positive sign is that the volume today (5million) is hugely different from that of 1 week ago.(7 million). Contra players might be weeded out, thus consolidation phase might be complete soon. The cutloss is at $0.35 and it would be a test of nerve for me to hold out till then.
2. BioTreat: Retracement is underway. However, this phase seems to be coming to an end soon.
3. AsiaEnv: SAR indicates a reversal soon. MACD diverges downwards and away from the signal line. Retracement is in place. Judging from 1 lotters from times/sales, price might be suppressed by big players.
On the whole, things are ok, but I should always stay on my feet. These 3 are retracing and attention should be given to see if it retraces or reverseLabels: AsiaEnv, Bio Treat, MiddleEastD |
