Monday, January 2, 2017

2nd Jan 2017 - Either MTL or MT… prepare for impact!

 

Buy $

Sell $

Short $

Cover $

Stop Loss $

Profit / Losses

Duration

7.33

 

 

 

     
temp

Reason for Buy / Sell / Short / Cover:

  1. I thought material sector is still doing ok.
  2. I thought the moving average line will be a good support for the stock price.
  3. After market does not look good at all. MTL and MT are in same sector. Since I just got kicked out from MTL, I should not expect positive sign from MT.

Lesson Learnt:

  1. Friday's dropped was quite drastic for material sector.
Intraday Chart
image

 

Historical Chart
image

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