Suntec REIT (long) – closed on 22 Jan 10

The price managed to break the first peak after a short retracement and I entered on the second break peak. The resistance at S$1.44 was strong as it was tested 3 times without a breakout. The stock closed lower than the open for 10 consecutive days. This stock is affected by the recent sell down. Bargain hunters can be seen in action buying up the stock after it gapped down during the open, pushing up the stock price and eventually it closed at the support.

Bought 3,000 shares at S$1.39 on 7 Jan 10
Sold 3,000 shares at S$1.33 on 22 Jan 10

Commission = S$30
Financing Charges = S$4.68 (S$0.39 x 12 days)

Loss = -S$214.68

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Tagged as: Stock Trades

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