20th July 2011–Astalavista… I am back.

Buy $	Sell $	Sell Short $	Buy Back $	Stop Loss $	Profit / Losses	Duration
33.70				31.84

 

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

 

1. Intraday chart shows a gap up to the down trend line and its 20MA line. A bullish indicator.
2. Market was very bullish from the start.
3. Daily chart shows that it is now resting at its 20MA line.
4. Long term chart shows that it has just completed the 50% retracement for its Fibonacci. Consider as a safer entry point.

 

Lesson Learnt:

 

1. This is another self-learn lesson on buying at daily 20MA line.
2. It is really hard to sit on my both hands when this stock keep going up previously.
3. I don't dare to buy in when it punched through its daily 20MA line yesterday, but then this could be a good practice.

 

Intraday Chart

Historical Chart