Stock Trading Predictions & Technical Analysis: AUY

Friday, September 18, 2009

AUY - Possibly Got Whipsawed

AUY - WAIT

My trailing stop loss order got triggered today at exactly the day's low of $10.73, before bouncing back up, and giving me a small gain. AUY has been a bit unpredictable lately, and I would wait until I get a clear signal to get back in. Keep in mind that I'm still very bullish towards gold, and I'm pretty confident it will go higher. Despite being down AUY looks to be trending up, but its price moves lately have been erratic. A break below $10.75 and $10.50 would be bearish and AUY would not find support until $10.00. A break below $10.00 would be a major SELL signal, but I would really be surprised if that happened. Right now AUY is a WAIT, for which I'm more likely waiting for a BUY signal rather than expecting a SELL signal. Seeing AUY stay above $11.25, for two straight days would be a BUY signal.

Trading Result: Approximate return: +4.3% in 12 business days.

September 3rd: Entered AUY Long Position @ $10.28
September 18th: Closed AUY Long Position @ $10.73

4 comments:

HCSeptember 18, 2009 at 5:29 PM
Thanks for all the wonderful info. Can you may be put a 'Ask Me' box on the blog to facilitate questions ? I was wondering if you would have time to analyse CSR. Thanks.
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YoelSeptember 19, 2009 at 11:46 AM
Hi, I just posted my analysis on CSR. I will try to find an Ask Me box, so that every users can post their questions.
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YoelSeptember 20, 2009 at 1:44 AM
I've been looking to ad an Ask Me box, but I can't seem to manage to find such tool in the blog gadgets. If you know where I can find one, please let me know and I'd be more than glad to add it to my blog.
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HCSeptember 21, 2009 at 11:26 AM
Try Add Gadget->More Gadgets-> Get Answer gadget.
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TECHNICAL INDICATORS

BUY SIGNAL: Indicates the possibility of the start of a new up trend or the continuation of the current up trend. This signal may be often given in the early stages of a potential new up trend that was preceded by a down or sideways trend. Such signals do not always succeed and may fail at time.

BUY: Indicates that the current up trend is already in motion and a BUY SIGNAL was already given earlier. A BUY does not necessarily indicate that the stock will continue higher from here, but simply that the stock is trending up. The further into the trend you decide to take a long position, the more risk you have of seeing it reverse back down sooner rather than later.

STRONG BUY SIGNAL: Indicates a stronger, more significant and reliable signal than a BUY SIGNAL which usually has less chance of failing. Such signals do not always succeed and may fail at time.

STRONG BUY: Indicates that the current up trend is already in motion and that STRONG BUY SIGNAL was already given.

SELL SIGNAL: Indicates the possibility of the start of a new down trend or the continuation of the current down trend. This signal may be often given in the early stages of a potential new down trend that was preceded by an up or sideways trend. Such signals do not always succeed and may fail at time.

SELL: Indicates that the current down trend is already in motion and a SELL SIGNAL was already given earlier. A SELL does not necessarily indicate that the stock will continue lower from here, but simply that the stock is trending down. The further into the trend you decide to sell a position, the more risk you have of seeing it reverse back up.

STRONG SELL SIGNAL: Indicates a stronger, more significant and reliable signal than a SELL SIGNAL which usually has less chance of failing. Such signals do not always succeed and may fail at time.

STRONG SELL: Indicates that the current down trend is already in motion and that STRONG SELL SIGNAL was already given.

HOLD: Indicates that traders who already hold this stock, should hold on as long as the trend persists. This signal is usually given during an up trend for which it would be considered too risky to take a long position at this point.

STRONG HOLD: Indicates that the current trend has been in motion for a while and rarely deviated away from the trend. Although the stock may continue higher, there may not be enough potential up side to trigger a BUY SIGNAL. This type of indicator usually means that the stock has very strong support levels which may have been tested but not broken.

WAIT: Usually given during a sideways trend for which we are waiting for a move that would trigger a BUY SIGNAL or SELL SIGNAL. This could also indicate uncertainty and the risk that would be taken if you were to take a long position at the current level. Taking a long position after giving a WAIT indicator is considered a gamble.