
Entry Date: 09 Mar 10
Bought at $18.02
Exit Date: 16 Mar 10
Sold at $18.68
Trade ROI: +3.66%
Overall ROI: +201.51%
Why I trade?
- Rebounded from classical support
- Candlestick confirmation
- MACD 4r1g
- Stochastic Oversold
Takeaway:
I took profit for 4 reasons.
1) I have another counter in the same sector which is OCBC.
2) I saw many opportunities coming and I want to reserve more cash to Long those potential stocks.
3) STI is trading near resistance and RSI above 70%. I sense retracement is coming soon.
4) UOB $18.80 resistance is a tough 1. Currently, stochastic is moving near over bought region.
Nevertheless, candlestick is showing bullish harami. Once the decision is made, I will not look back.
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