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This week our picks are the following: TA for its possible start of ascend. SECB, MCP, ALI to retrace so we can add more shares to our position. No need to be in a hurry. URC to stabilize its position.
This week we are going to look into AGI which could go up until the resistance level BUT be careful since we have a news about Resorts World operator halves IPO price which might affect the price of AGI. PGOLD on the other hand is breaking the resistance level, talking about the upward channel. For those holding PGOLD, they may hold it for a while until newly found support or a bearish candlestick will appear. Fo those just about to get in, think twice. Third stock to monitor is PIP which is showing indecisive mood on weekly chart after falling big. A test buy near support (refer to weekly chart) would be good. SECB on the other hand is still trying to move past the 140 – 144 resistance zone. I think the bulls will have to rest as it is already exhausted after few days of going up. Lastly, ALI which is slowly coming back from the drop.
This week we will be looking at SECB which closed the gap last Thursday. Another bank, MBT but we will wait until it will close the gap below. PGOLD will try to break the resistance line again, this is worth monitoring. AGI and DNL seem to have a pattern where they will bounce.