Tuesday, November 8, 2011

08th Nov 2011–Fun but dangerous!

Buy $

Sell $

Sell Short $

Buy Back $

Stop Loss $

Profit / Losses

Duration

 

 

 

325.76

 

Even

9 days

 

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

 

  1. Market start to rally and AZO keep rebound back every time it poke through $324.00.
  2. Intraday 18MA and 47MA lines are going to do bullish cross.
  3. Daily chart shows that it is trying to challenge the 18MA resistant line again. It might not succeed, but anyway, let's get out and see how it react to it.

 

Lesson Learnt:

 

  1. This is a strong stock. Shorting it is never easy.     ;-)

 

Intraday Chart

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Historical Chart

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