16th June 2017 - I think I better stop taking the pill

Buy $	Sell $	Short $	Cover $	Stop Loss $	Profit / Losses	Duration
	$7.70				Even	48 Days

 

Reason for Buy / Sell / Short / Cover:

 

1. The market was very bearish. FAANG stocks were kind of at selling off mode.
2. I have been very patient with this stock for quite a while, but it keep showing me weakness even though recently it has indicated some good up trending.
3. Since it always show weakness, I am quite sure I am able to pick up at lower price in the very near future after the market weakness goes away.

 

Lesson Learnt:

 

1. It was a good call to set and sell. Today it started with heavier dropped.
2. Will continue monitor this stock at its MA lines.

 

Intraday Chart

 

Historical Chart