Wednesday, February 29, 2012

29th Feb 2012 – Adieu AVEO

Buy $

Sell $

Sell Short $

Buy Back $

Stop Loss $

Profit / Losses

Duration

 

 

13.10

 

14.10

 

 

 

temp Reason for Buy / Sell / Short / Cover:

 

  1. Intraday chart shows that it is under the pressure of both the 20MA and 50MA lines. The uptrend line is also broken.
  1. Daily chart shows that the price is under the pressure of 20MA lines. All other MA lines are also heading down fast.
  1. Weekly chart shows that the price is now within a very tight range ($13.00 ~ $14.00). It is now also under the pressure of 100MA line.
  1. Monthly chart shows that it has come to the support line of $13.00. Expect to have more downturn with the bearish Harami monthly candle in Jan and with the pressure of monthly 20MA line. Monthly MACD pointing toward more downtrend.

 

Lesson Learnt:

 

  1. Quarterly announcement just completed.
  2. Be careful. Seldom trade healthcare stock. Healthcare stock always have surprises.

 

Intraday Chart

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Historical Chart

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