Thursday, July 28, 2011

28th July 2011–The “A” in A stock may not mean anything.

Buy $

Sell $

Sell Short $

Buy Back $

Stop Loss $

Profit / Losses

Duration

 

45.40

 

 

 

Profit

 

 

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

 

  1. Stop loss triggered

 

Lesson Learnt:

 

  1. Actually this stock should be sold earlier, but I am not paying close attention to it.
  2. It tried to overtake the neck line at $47.00 with all the 20MA, 50MA and 100MA lines curving down. It failed.
  3. Intraday also been resisted by both the 20MA and 50MA lines.
  4. A downtrend for this stock is already confirmed. Time to let it go.

 

Intraday Chart

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Historical Chart

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