Figure 1: FLI Price Chart
Information:
Date Bought: 8/4/2010 Entry Price: 1.04
Date Sold: 8/5/2010 Exit Price: 1.12
% Gain: 6.52%
Reason for Selling:
1. Indicators are overbought area. Indication that some short term correction is approaching. Indeed the next day FLI corrected from profit taking.
2. Extremely overextended from my moving averages (Snap back effect).
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