21st April 2012 – YOKU’s movie not good for health.

Buy $	Sell $	Sell Short $	Buy Back $	Stop Loss $	Profit / Losses	Duration
	23.30				Profit	10 days

 

Reason for Buy / Sell / Short / Cover:

 

1. Stop loss got triggered while I was sleeping.       
2. Intraday chart show weakness. Intraday support line @ $23.50 is no longer strong enough to hold the drop.

 

Lesson Learnt:

 

1. We might be able to pick it up again when it comes to its 100MA line support at its daily chart @ $22.00. That is where the 20MA support line for its monthly chart too.
2. Monthly chart actually told us that YOKU has a resistance at $25.00. I should have put a tighter stop loss near there to protect more gain.

3. Again, my stop loss setting need improvement.

 

Intraday Chart

Historical Chart