Figure 1: FLI Price Chart
Information:
Date Bought: 08/16/2010 Buy Price: 1.07
Date Sold: 08/19/2010 Sell Price: 1.19
% Gain: 10.01%
Reason for Selling:
- Already at the upper portion of the price channel.
- Price is at overbought area of my indicator.
- Price is extremely overextended from the 20 days moving average.
Note: Even though FLI has the potential to move higher in the mid to long term view. As a swing trader, I will be riding FLI, buying at every swing low and selling at every possible swing high to maximize my gains.
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