| Buy $ | Sell $ | Sell Short $ | Buy Back $ | Stop Loss $ | Profit / Losses | Duration |
| 106.40 |
|
|
| 99.20 |
|
|
- A bullish cross of 20MA and 50MA lines shows that it is turning bullish.
- A retracement on Friday is expected at the daily 20MA lines, buy on its weakness.
- Intraday shows that the price is attached with the movement of the 20MA line.
- Daily chart shows that $100.00 is the temporary bottom line. Stop loss point is easily spotted.
- Strong support line is traced back 8 years long term chart.
- Daily MACD seems to be turning positive.
- Not bad, I still can buy below Warren Buffett buying price after 3 years. ;-)
Lesson Learnt:
- I could have enter it on Tuesday when the intraday chart shows that the price poke through upward the intraday resistance line. However, I was waiting to see whether the bullishness will last.
- Intraday 20MA and 50MA line bullish cross on Thursday, but price has gone much higher than what I wanted. So decided to wait for Friday market pull back.
- Daily chart also shows that 20MA will become its temporary resistance line, so retracement on Friday is expected and decided to buy on its pullback, but the pull back should reach the intraday 20MA line for me to initiate the purchase.
- Warren Buffett bought $5 Billion shares of GS at $115.00. http://online.wsj.com/article/SB122220798359168765.html
| Intraday Chart |
|
|
| Historical Chart |
|
|
No comments:
Post a Comment