Sunday, September 26, 2010

Trading Journal: RCB (September 23, 2010)

Figure 1: RCB Price Chart
Information:
Date Bought: September 16,2010      Buy Price: 25.85
Date Sold: September 23, 2010         Sell Price: 29
Profit % Gain: 10.97%

Remarks:
Never expected that RCB can push itself higher after I sold it at around 29. Anyway, my reason for selling it at that level was that my extreme target price of 28.60 was finally been hit and that the price is located at the upper portion of its price range. Indeed the following day RCB corrected and is accompanied with above average volume.

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