Buy $ | Sell $ | Sell Short $ | Buy Back $ | Stop Loss $ | Profit / Losses | Duration |
22.10 |
|
|
| 23.30 |
|
|
Note: Stop loss has been revised because I post this one week later after purchase date.
Reason for Buy / Sell / Short / Cover:
- Multiple bottom at the intraday chart and suddenly a gap up from it low.
- When earning is out, the price gapped up high from $25.00 to $32.00 and then sliding down each day.
- The price actually went all the way down until close to 100MA line.
- Daily chart MACD start to turn back up.
- Monthly chart clearly show that the price came down and touch on its monthly 20MA line and it has a nice "W" shape from Oct to Jan time frame which is a good bottoming indicator.
Lesson Learnt:
- Don't chase even if it gapped up after earning. Worst come to worst, earn less. ;-)
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