Tuesday, January 25, 2011

25th Jan 2011 – Pattern Study - DEER

Ticker:

 

  1. DEER

 

Topic:

 

  1. Strong baseline support line play

 

Lesson Learnt:

 

  1. My stop loss in this case is very crucial. If my stop loss is too near the $11.00 line, I could have gotten kicked out yesterday night and look at the stock rally up.
  2. If I have been slightly more patient enough, I would have got a better buy deal yesterday night.
  3. The good volume gave me confident that this stock will play out well for Long position.

 

Intraday Chart

     

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Historical Chart

     

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