14th May 2020 - Has Hilton reached the hill top?

Buy $	Sell $	Short $	Cover $	Stop Loss $	Profit / Losses
		$67.87 14th May 2020

Reason to Short

• Same like IBM, I can't resist but to short HLT again.

Lesson Learnt:

• The chart still looks bearish to me.
• The rally back was quite impressive by the way.

Intraday Chart

Historical Chart

15th May 2020 - I have to make sure I don't fall in love with IBM

Buy $	Sell $	Short $	Cover $	Stop Loss $	Profit / Losses
		$116.00 14th May 2020

Reason to Short

• Can't resist to short it again for a top-up. I think the stock is struggling.

Lesson Learnt:

• The market rebound was quite strong, surprisingly, maybe I should have waited for another day.
• MACD is still in a downward trend. The chart still looks bearish to me.

Intraday Chart

Historical Chart

15th May 2020 - Who you gonna trust?!

Pattern Name	Expectation	Reference
Bearish Engulfing	Down	https://www.marketwatch.com/story/bearish-engulfing-patterns-in-big-tech-stocks-and-indexes-raise-caution-flags-on-wall-street-2020-05-13?mod=home-page

My thought on this Pattern Study

• This site from MarketWatch is worth a read.
• Several interesting charts in there.

Intraday Chart

13th May 2020 - Do you think HiLTon can be cheaper than Hyatt?

Buy $	Sell $	Short $	Cover $	Stop Loss $	Reference
		$68.44 13th May 2020			page 111

Reason to Short

• Same for ticker "H", I have been watching it for several days. The best day to short it was yesterday.

Lesson Learnt:

• The same mistake I made, my short setting was way too high yesterday.
• This stock has broken the trend line since yesterday.
• Same as ticker "H", this is another Rising Wedge Pattern.

Intraday Chart

Historical Chart

13th May 2020 - I never like the room price tag of Hyatt Hotel

Buy $	Sell $	Short $	Cover $	Stop Loss $	Reference
		$49.23 13th May 2020			page 111

Reason to Short

• I have been watching it for a few days. I can't resist to short it anymore.

Lesson Learnt:

• It has broken the trend line.
• I was supposed to short it yesterday, but my Short setup line was too high.
• It is showing the classic rising wedge pattern.

Intraday Chart

Historical Chart

11th May 2020 - My hometown is BaTU.

Pattern Name	Expectation	Reference
柳暗花明 扭转乾绅 将死不死	Long	Page: 43, 63, 94

My thought on this Pattern Study

• Three patterns at once, believe it or not.

Intraday Chart

Historical Chart

9th May 2020 - Elliot Wave or Idiot Wave (a wave to catch idiots)

Pattern Name	Expectation	Reference
Elliot Wave	A downturn after "b" wave	Page 208

My thought on this Pattern Study

• Should this be the famous Elliot Wave Theorem? I hope I am right.
• The "b" wave is very stubborn.
• Remember, whether it is Elliot Wave or not is not important. Believe what you see in front of you.

Daily Chart

Historical Chart

7th May 2020 - Will this be my Internet Banking Machine (IBM)?

Buy $	Sell $	Short $	Cover $	Stop Loss $	Profit / Losses
		$121.60  4th May 2020

Reason to Short

• It fulfill the pattern that I was looking for.

Lesson Learnt:

• It fell out of the bottom trend line, but I thought it might fought back somehow. It looks like my purchase line might give me a bit more tolerance.
• It was quite interesting that the next day, the market actually kind of rally but luckily it weakens late of the day.

Intraday Chart

Historical Chart

4th May 2020 - Does NATIonal Instrument measure Gravity?

Pattern Name	Expectation	Reference
Triangle Top	Down	Page: 105

  

My thought on this Pattern Study

• The pattern followed the Triangle Top and as described in page 105, the next direction should be down.
• After crashing down, the stock went all the way up and penetrated the ceiling resistance line. However, it was a failed breakout and the stock went back down below the resistance price line.
• Should be a good candidate for short.

Intraday Chart

Historical Chart

3rd May 2020 - I am going for a cheap StarBUX coffee

Pattern Study

• Starbuck coffee might be on sale soon.

Lesson Learnt:

• Nice long term pennant formation up to the resistance trend line.
• This could be an opportunity for a nice cheap Starbuck coffee.

Intraday Chart

Historical Chart