Saturday, April 21, 2012

21st April 2012 – It is time to go… down for AVaGO!

Buy $

Sell $

Sell Short $

Buy Back $

Stop Loss $

Profit / Losses

Duration

 

 

37.00

 

36.00

 

 

 

temp Reason for Buy / Sell / Short / Cover:

 

  1. Saw a gapped down on AVGO when market opened.
  1. Daily chart has shown price go down from 20MA line already and 20MA line has started to curved downward.
  2. Now when market opened, price punched through the 50MA line downward confirming the downtrend.
  1. We have a very attractive and safe entry for a short.

 

Lesson Learnt:

 

  1. All secondary indicators are moving south.
  2. Monthly chart show a very obvious double top formation.
  3. All indexes are also getting weaker. AAPL stock was hit too.

 

Intraday Chart

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Historical Chart

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