solblurgh

HEXTAR: Volume/Price Analysis

Long
MYX:HEXTAR   HEXTAR GLOBAL BERHAD
Volume spike from last 3 days. Since it is close to 52 Week High, I might try and hold on to it and see how it goes.
Comment: Break trendline, but still above support of 1.24
Comment: Broke MA5, broke trendline, and on 22/3 it touched the support of 1.24.
Comment: Support broken, wait until tomorrow to cut loss
Trade closed: stop reached: Gone too far, CL at 1.20

Trading Plan
EP: 1.327 (avg)
SL: 1.24
TP: 1.41 (next resistance)

CL at 1.20 same day it broke
Comment: Lesson Learned:
1. Shares is uptrend, and the trendline seems make sense, so if it breaks and does not rebound the next day, immediately CL.
2. It seems like I wrongly estimated where the support is.
3. Risk/Reward Ratio is less than 1, I lost more than I could profit.
Comment: Lesson Learned part 2:
Better wait for BO

Comments

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