Thursday, March 17, 2011

Biosensor

Sell Biosensor at $1.11 on 17th Mar; Buy at $1.14 on 14th Mar

Trade decision conditions:
  1. Stop price is hit
  2. US market is facing a massive sell-off; DJ may drop to 11000 points (200DMA)
  3. The global markets are worsen by Japan Quake conditions
  4. STI is trending below 2950; the STI bottom is unsure if US market is going to fall further.
Loss: -2.6%

I still side the bulls as i feel that the market is facing a technical correction. The long-term trend has not changed yet.

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