Tradelog: sold GEO, bearish candlestick
(GEO Chart as of May 17, 2009)Sold my GEO today @ .58 (+20%)
Bought a few GEO last May 5, 2009. (Reference: http://tsupita.blogspot.com/2009/05/tradelog-bought-geo-on-130-ma-breakout.html)
Planning to hold this stock because my chart study shows a pennant formation, but decided to take profit because of huge selling today and bearish candlestick.
Let's see how GEO will move in the succeeding days. Still want to play this stock, if this breaksout from the pennant formation with huge volume and pass its 260-MA.
Bought a few GEO last May 5, 2009. (Reference: http://tsupita.blogspot.com/2009/05/tradelog-bought-geo-on-130-ma-breakout.html)
Planning to hold this stock because my chart study shows a pennant formation, but decided to take profit because of huge selling today and bearish candlestick.
Let's see how GEO will move in the succeeding days. Still want to play this stock, if this breaksout from the pennant formation with huge volume and pass its 260-MA.
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