Wednesday, July 6, 2011

6th July 2011–Pay a visit to your nearest MOToRcity

Buy $

Sell $

Sell Short $

Buy Back $

Stop Loss $

Profit / Losses

Duration

7.96

 

 

 

7.30

 

 

 images

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

 

  1. Intraday chart shows that it is starting to trend upwards.
  2. Friday night shows that it has broken out from the intraday downtrend.
  3. Daily chart shows that a healthy uptrend is forming. All the secondary indicators like MACD, TMF and RSI are on the uptrend.
  4. Price lie just below its daily 20MA line.
  5. It has just completed the double bottom formation on the weekly chart.
  6. Weekly chart also shows that it just broken out from the long term down trend line.

 

Lesson Learnt:

 

  1. Volatility and price fluctuation is still expected on stock like this. Watch out carefully.

 

Intraday Chart

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Historical Chart

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