17th Feb 2012 – It is night time in Canada.

Buy $	Sell $	Sell Short $	Buy Back $	Stop Loss $	Profit / Losses	Duration
	3.58				Profit	3 months 8 days

 

Reason for Buy / Sell / Short / Cover:

 

1. Solar sectors have been dropping pretty heavily for the past few days.
2. ENER actually has a good chart but surprise to see it at Chapter 11.
3. Intraday chart yesterday night show a good strong start, but die off in just about an hour.
4. Daily chart shows that price has broken down through the 20MA line and now start to go below the up trend line.
5. Weekly chart shows a bearish Harami candle formation.

 

Lesson Learnt:

 

1. I should have sold it few days back.           ;-)
2. Quarter earning announcement should be quite close already. I think it is better to keep away from them first until after announcement.

 

Intraday Chart

Historical Chart