12th Jan 2017 - V for Victory

Pattern Study

 

1. There are so many V-shape around with huge profit to gain from.
2. If there are many of them it kind of indicate the bullishness of the entire stock market.

 

What should I do?

 

1. Look out for trend reversal signals and buy in stages after each signal is validated.
2. Getting at the most bottom is close to impossible, but getting in at stage 2 onwards is achievable.

 

Chart 1	Chart 2

 

Chart 3

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

 

Buy $	Sell $	Short $	Cover $	Stop Loss $	Profit / Losses	Duration
7.33

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

 

Historical Chart