Technical Rebound - UOADEV

UOADEV (5200)

On 3rd Jan 2014, I bought UOADEV for 20 lots at RM1.83. I was queuing for another 20 lots at RM1.81 and another 10 lot at RM1.80. The low of the day was RM1.83 and a dragonfly doji appeared at the end of the day.

taken from tradesignum.com

It's a risky trade as it was downtrending. I might caught a falling knife.

taken from klse.i3investor.com

As soon as the market started, it shot up 4.8% within 15 minutes.

Too fast, too scary for me. I sold my 20 lots at RM1.96. My first trade of the year. My very few technical rebound trades. A good one.