UOB - Trade Log

Posted On 4:16 AM by Ng Leong Yee |




LONG

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?

  1. Rebounded from classical support
  2. Candlestick confirmation
  3. MACD 4r1g
  4. 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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