Tuesday, February 15, 2011

15th Feb 2011 – Cannot get GROUPON, get DANG DANG

Buy $

Sell $

Sell Short $

Buy Back $

Stop Loss $

Profit / Losses

Duration

26.00

 

 

 

 

 

 

 

Reason for Buy / Sell / Sell Short / Buy Back:

 

  1. It reached the best retracement level of Fibonnaci 76.4%.
  2. It has also touched down the previous low/bottom.
  3. It has broke up through the down trend line and start to show sign of life.
  4. Intraday shows very good setup for entry.
  5. This business looks similar to GROUPON!

 

Lesson Learnt:

 

  1. Was watching it since last month and decide to see how it react to the 20MA line first before my entry.
  2. Looks like my patient and monitoring skill will yield reward.

 

Intraday Chart

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Historical Chart

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