tradersams blog

SGX close

SGX:  Closed my position in Sino Gold on Friday at 7.02 for a 3% loss.

Exit taken as the price fell to close the gap on Friday, which had existed for the last two weeks or so.  The price is appearing to form a double top, however this is not confirmed yet as the price hasn’t closed below the lower valley.  This share may be worth following further as the price may bounce on the upwards trend line, or may form a nice double top – either way, my automatically triggered stop loss based on %-age loss has been hit, so this transaction is closed for now.

Ultimately a quiet week for me – I monitored my open positions for the week, and only had this one close to deal with all week – its been a while since I’ve had a single transaction week!

All capped off with a wonderful weekend in the Victorian high country – Beautiful!

(minor text edit 19-10-09)