24th Aug 2011–Buy grade A share in Bear Market.

 

Buy $	Sell $	Sell Short $	Buy Back $	Stop Loss $	Profit / Losses	Duration
31.80				29.75

 

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

 

1. It is already >40% down from its top in just 3 months.
2. It is now touching the weekly chart 200MA line with the long term uptrend line coming in for support.

 

Lesson Learnt:

 

1. I should have been more patient on my entry.
2. The best entry is at the tip of the long term uptrend line === $30.00 It is so obvious and yet I did not see it.
3. Daily chart now shows that $32.00 has become a temporary resistance line.

 

Intraday Chart

Historical Chart