14th June 2011–Pattern Study–China stocks hit bad.

Ticker:

 

1. YOKU, DANG, MOBI, RENN

 

Topic:

 

1. Many China stocks are hit bad.
2. Many below its IPO price.

 

Lesson Learnt:

 

1. FXI is at critical junction.
2. I read on MarketWatch before an article by an editor and he was very bearish on all China stocks before this happen. I could not find it now.
3. Anyway, this is how opportunity is going to be created for LONG position in near future. Watch FXI and all indexes carefully for entry in all these interesting stocks.

 

Intraday Chart

-NA-

Historical Chart

19th-April-2011–Pattern Study–DANG

Ticker:

 

1. DANG

 

Topic:

 

1. I told my gym friends on Monday lunch time while walking at the car park after the gym session about this counter.
2. Today is Tuesday.
3. Multiple bottom formation.

 

Lesson Learnt:

 

1. Multiple bottom at daily and weekly chart.
2. If you have not get in on Monday, all you can say now is maybe …….  "DANG it !! I should have listen."

 

Intraday Chart

Historical Chart

15th Feb 2011 – Cannot get GROUPON, get DANG DANG

Buy $	Sell $	Sell Short $	Buy Back $	Stop Loss $	Profit / Losses	Duration
26.00

 

Reason for Buy / Sell / Sell Short / Buy Back:

 

1. It reached the best retracement level of Fibonnaci 76.4%.
2. It has also touched down the previous low/bottom.
3. It has broke up through the down trend line and start to show sign of life.
4. Intraday shows very good setup for entry.
5. This business looks similar to GROUPON!

 

Lesson Learnt:

 

1. Was watching it since last month and decide to see how it react to the 20MA line first before my entry.
2. Looks like my patient and monitoring skill will yield reward.

 

Intraday Chart

Historical Chart