24th Aug 2011–Never give up on Citibank

Buy $	Sell $	Sell Short $	Buy Back $	Stop Loss $	Profit / Losses	Duration
27.60				24.90

 

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

 

1. It looks like there is support at intraday chart at 27.60.

 

Lesson Learnt:

 

1. My entry point sucks again.     ;-(
2. I should have waited until it touches $26.00 which is a perfect double bottom line for daily chart. With such a bear market, it should be able to get there.
3. I should have waited for intraday price to poke through upward the 20MA line.

 

Intraday Chart

Historical Chart