Friday, December 9, 2011

9th Dec 2011–DEX’s the One

Buy $

Sell $

Sell Short $

Buy Back $

Stop Loss $

Profit / Losses

Duration

0.78

 

 

 

0.85

 

 

index 

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

 

  1. Quarterly announcement was good and market likes it, its price went from $0.80 to $1.40, a very encouraging sign.
  2. Waited patiently for it to cool down and it came all the way down to its daily 50MA line and almost reach the previous launching price. Price start to stable at intraday chart. Set and got it at $0.78.

 

Lesson Learnt:

 

  1. Bought this stock before at $3.xx something, but did the right decision to cut loss at that time. Stop loss save me and now patient reward me back for monitoring it continuously.
  2. Excellent strong volume came in after purchase when it shot up again, another very encouraging sign.
  3. Daily chart shows that it has support from 50MA and 100MA lines.
  4. Weekly chart shows that it has overcame its 20MA line and now resting on it.
  5. Plan for a top up when it came down to $1.10.

 

Intraday Chart

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Historical Chart

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