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?
- Candlestick Bullish Harami (monitored on the intra-day trading and entered in late afternoon)
- Higher high, higher low formed
- 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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