Tuesday, 27 December 2011

SIA Engg: Shorting opportunity


Trend identification tools show obvious down trend in weekly time-frame.



Trend identification tools show obvious down trend in daily time-frame.


Outcome:

27 Dec: Opened SHORT at $3.40
26 Jan: Covered at $3.41
Reason for closing: Bullish harami formed at support and MACD-Histogram bullish divergence in both daily and weekly time-frame.
Loss $0.01, 0.3%

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