Buying below 22.50 wasn't impossible during the next few days, since recommendation before it settled over 23.00. Thereafter it went up and re-tested the resistance of 24.00. On this day any one could have sold at 23.80 and 23.90 without an issue. Selling it at 23.90 would have given a return of 4.33% nett of cost, in 6 days. As the market is fragile, and Negative sentiments are all over, taking this opportunity was rewarding. But the trend for AEL is more bullish. Therefore we will see a break out of 24.00 at some point. But 25.00 looks a strong area of resistance to be broken for a move higher.
Making money in the Stock Market is not easy, but not hard only with increased education and understanding.......
Monday, December 21, 2015
AEL - Made a return of 4.33% nett of costs in 6 days
Buying below 22.50 wasn't impossible during the next few days, since recommendation before it settled over 23.00. Thereafter it went up and re-tested the resistance of 24.00. On this day any one could have sold at 23.80 and 23.90 without an issue. Selling it at 23.90 would have given a return of 4.33% nett of cost, in 6 days. As the market is fragile, and Negative sentiments are all over, taking this opportunity was rewarding. But the trend for AEL is more bullish. Therefore we will see a break out of 24.00 at some point. But 25.00 looks a strong area of resistance to be broken for a move higher.
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