Buy $ | Sell $ | Sell Short $ | Buy Back $ | Stop Loss $ | Profit / Losses | Duration |
|
| 13.10 |
| 14.10 |
|
|
Reason for Buy / Sell / Short / Cover:
- Intraday chart shows that it is under the pressure of both the 20MA and 50MA lines. The uptrend line is also broken.
- Daily chart shows that the price is under the pressure of 20MA lines. All other MA lines are also heading down fast.
- 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.
- 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:
- Quarterly announcement just completed.
- Be careful. Seldom trade healthcare stock. Healthcare stock always have surprises.
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