Did not update yesterday. Entered into Noble for rebound play. In summary:-
20th Jun shows small reversal
Vol not high
3 occurance of rebounds with 2 white candle..
entered on 2nd day 21 Jun at 1.93
Cut when 1.91 breached
Rebound was validified on 21st Jun with higher volume entered in morning and trading above OP for whole day.
Today weakness surface gap up to 1.97 failed to breach first resistance. Would this be a false rebound? My thoughts later.
Holding Samko 21th Jun increasing Vol. close up by 1 tick<---churning...and interesting
22nd Jun Samko volume pierced to the sky Vol not as high as 10 days ago.
Tomorrow is critical, usually weakens after a high volume day.
This time different?
1st target to be 24 cents
2nd target 26 cents (previous high)
5,10,20d EMA cross over today..something big coming...?
I shall wait for a good selling point based on my new set of selling rules.
Today gap up on a strong dow. I expect majority to take profits especially after a downtrend or rebound a normal's man mentality is to win and run. I expected afternoon to be stronger but no avail.
I will continue to hold on Noble as even in a red day and weak performance from a open of 1.97 to close lower than yesterday close at 1.92. The key is Volume was not as great as 21st Jun (rebound day). If Noble break support I will cut straight away.
NOL, Capland - weak and fall with high volume.and close much lower than rebound close..dead
I see alot of stocks climbing back supports yesterday with higher volume. Abit of setbacks for average ones but still at support levels at slightly lesser volume. Weak ones which have no bottoms like NOL and Capland falling the most. There is still hope.
Will this be a fake rebound? My guess is no. Nobody dared to board the ship, tomorrow will be a runaway...