24th Jan 2011 – Pattern Study - DORM

Ticker:

 

1. DORM             * The DORM is DOOOOOOM !!! *

 

Topic:

 

1. Head-n-Shoulder ---- perfect shorting opportunity.

 

Lesson Learnt:

 

1. Keep watching once you think the left shoulder and the head is formed. Find out where the neck line is.
2. If the right shoulder is forming with the MA lines curving down, it actually provide more higher price shorting opportunity and better margin. Once the neck line is broken, add to your position.
3. If the indexes are weak, this will provide more confidence in shorting.

 

Intraday Chart

Historical Chart