Buy $ | Sell $ | Sell Short $ | Buy Back $ | Stop Loss $ | Profit / Losses | Duration |
|
| 320.5 |
| 345.10 |
|
|
Reason for Buy / Sell / Sell Short / Buy Back:
- Intraday chart start to show weakness.
- Daily chart shows that it has again punch down through the $315.00 neckline, but manage to rebound back.
- Daily chart also shows the strong ripple coming to the 20MA line and it is about to do another bear crossing with the 50MA line.
- Daily and weekly chart MACD, TMF and RSI indicators are all showing weakness.
- I still have a safety margin of within 10% in this short.
Lesson Learnt:
- My short limit should be set to $327.00 instead of rush in for the short. Again, my emotion is controlling my entry.
- The volume came in is above average. This might cause some concern on this short. Will this be the last push upward? We will see.
- Will have to monitor closely on the price movement at the 20MA and 50MA lines.
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