Monday 12 December 2011

Ivory Momentum Play Dec11 Followup


As per my previous post for momentum play, as at today, she still manage to rebound from my Stop Loss Level at 0.94, thus I still can hold on to this stock to see whether this trade will bring me a profit or not.

Though Ivory did show a Inverted Hammer today & Stochastic at oversold and she seems to start to show some sign of rebound, I'm expecting she will start her upward movement tomorrow. But as of my writing now,  Europe & US market is in very RED, so the upward movement may have to wait :(

If the scenario become worst, for Momentum Play, discipline is important, once she close below 0.94, I have to cut her off as per my initial trading plan.

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