Sunday, March 25, 2012

25th March 2012 – I am thirsty of caffeine, are you?

Buy $

Sell $

Short $

Cover $

Stop Loss $

Profit / Losses

Duration

54.00

 

 

 

49.10

 

 

 

temp Reason for Buy / Sell / Short / Cover:

 

  1. Intraday price stabilized at $51.00 and suddenly gap up.
  1. Weekly chart indicates that uptrend is still on-going even though both 20MA and 100MA lines are now its resistance lines.
  2. My timing for entry sucks. I should have waited for Friday.

 

Lesson Learnt:

 

  1. Price gapped up after quarter announcement, but fall back after one month.
  1. All the giant moves to the top by GMCR lost in just one single month. Pretty scary.
  1. Monthly chart Fibonacci reading indicating we are now near the 61.80 range. This should be the range which attract more buyer than seller.

 

Intraday Chart

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Historical Chart

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