Buy $ | Sell $ | Short $ | Cover $ | Stop Loss $ | Profit / Losses | Duration |
54.00 |
|
|
| 49.10 |
|
|
Reason for Buy / Sell / Short / Cover:
- Intraday price stabilized at $51.00 and suddenly gap up.
- Weekly chart indicates that uptrend is still on-going even though both 20MA and 100MA lines are now its resistance lines.
- My timing for entry sucks. I should have waited for Friday.
Lesson Learnt:
- Price gapped up after quarter announcement, but fall back after one month.
- All the giant moves to the top by GMCR lost in just one single month. Pretty scary.
- Monthly chart Fibonacci reading indicating we are now near the 61.80 range. This should be the range which attract more buyer than seller.
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