Thursday, August 18, 2011

18th Aug 2011 - Let's withdraw some $ from CitiBank

Buy $

Sell $

Sell Short $

Buy Back $

Stop Loss $

Profit / Losses

Duration

30.80

 

 

 

27.83

 

 

 

imagesReason for Buy / Sell / Sell Short / Buy Back:

 

  1. Indexes dropped like crazy. Citibank announce quarter report and sink together badly.
  2. Very high volume for the latest bad drop.
  3. Broke thru all MA lines, all trend lines and now it is making 2 years low.
  4. Daily chart shows that it is forming a triangle consolidation pattern. Something I like.

 

Lesson Learnt:

 

  1. My entry point is still not good. I really have to be patient enough for the entry.

 

Intraday Chart

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Historical Chart

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