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30 April 2014

 

G3B

Sell limit order filled at 3.35. RSI 14 exceeded 80 in Yahoo, overbought (though RSI 14 is below 80 for quite a few sessions already but price is ironically higher than those sessions when RSI were above 80, which also meets condition for progressive selling since this phenomenon is so-called divergence, indicating bearishness and potential price reversal).

Will continue to sell progressively every day as long as RSI 14 stays above 80; On the other hand, will buy progressively every day as long as RSI 14 stays below 20. I believe that these operations can progressively reduce overall average cost of holding G3B in the long term. - New strategy

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