17th Sept 2011–Welcome back to MotorCity

Buy $	Sell $	Sell Short $	Buy Back $	Stop Loss $	Profit / Losses	Duration
2.20 (13th Sept) 2.18 (15th Sept)				1.96

 

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

 

1. Weekly chart shows that price stabilized at $2.00 for a month time.
2. Daily 20MA line has flatten out and price started to hovering on top of it rather than at bottom.
3. Intraday chart shows that triangle shape is forming.
4. Daily chart secondary indicator like MACD and etc are all pointing upwards.
5. Volume has decreased significantly.

 

Lesson Learnt:

 

1. Mingle with this stock before at around $7.50. The previous dropped was scary. Stop loss saved me.

 

Intraday Chart

Historical Chart