Olam

Posted On 9:02 AM by Ng Leong Yee |



LONG

Entry Date: 11 Dec 09
Bought at $2.68

Exit Date: 06 Jan 10
Sold at $2.72

Trade ROI: +1.49%
Overall ROI: +196.31%

Why I trade?

  1. Candlestick Bullish Harami (monitored on the intra-day trading and entered in late afternoon)
  2. Higher high, higher low formed
  3. Near Classical Support level at $2.61

Takeaway:

My entry for olam is totally wrong, I did not stick to my rules. I should tag with at least 2 indicators to confirm my entry. MACD and Stochastic is very accurate for the recent Olam trades. Sold due to minor resistance and STI RSI is in overbought region.

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