9.30.2013

Sept. 30- ARA technical

Stock: ARA

Date: 30 Sept


Open-1.50
Low-1.42
High- 1.50
Close-1.42
Change: -6.58% 

Technicals:
-closed below 1.50 (below all SMA 30,60,200) 
-psyc resistance 1.55, 1.60, 1.70
-above 1.64 is breakout


Actions:
-added more shares 
-General Trend is still my main key why I am positioning in ARA 

Trailing stops:
-1.40 (adjusted from 1.45) due to over all market sentiment 

New info:
-GTC sell taken out
-added more shares on top of my intended allocation.

price may seem to touch 1.40 level or seek a lower bottom. how deep? I have no idea. Nonetheless, will monitor closely and ready to sell all should selling pressure continues.

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