Wednesday, December 7, 2011

7th Dec 2011–Sunshine on the Great Wall of China.

Buy $

Sell $

Sell Short $

Buy Back $

Stop Loss $

Profit / Losses

Duration

2.50

 

 

 

2.11

 

 

 images

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

 

  1. Daily chart shows a start of uptrend at the price of $2.50.
  2. It has released its quarter announcement. So, should not have a lot of surprises.
  3. Daily chart shows that its price has poke through upward the 20MA and 50MA lines. Also taken out the trend line.
  4. Daily and weekly MACD doing bullish cross, a very positive sign.
  5. Weekly chart shows that price seems to bottom at $2.00.

 

Lesson Learnt:

 

  1. My entry sucks again. I should have know better to set at $2.40. Again, emotion kills.

 

Intraday Chart

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Historical Chart

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