Buy $ | Sell $ | Sell Short $ | Buy Back $ | Stop Loss $ | Profit / Losses | Duration |
10.10 |
|
|
| 9.44 |
|
|
Reason for Buy / Sell / Sell Short / Buy Back:
- Intraday chart shows that it has started to break the down trend line and try to go higher, but came back down and do multiple bottom at around $9.50 to $10.00.
- Daily chart shows that it has just started broken the long 4 months downtrend line.
- Daily chart also shows some kind of very nice U shape cup with handle.
- Daily chart also shows that price seems to find support at Fibonacci level of 61.8%.
- Long term weekly chart also shows that it seems to find support at 47MA line.
Lesson Learnt:
- I did the 1st purchase (40% of total ) at $10.00. Immediately after purchase, price shot up quickly.
- I set another purchase (60% of total) at $10.10. The price was captured about an hour later.
- Things to watch out for is daily chart shows that it is still below all MA lines and weekly chart MACD is still not pretty.
- Daily volume went up above average on second day of purchase which is good sign.
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