Let's Play ALI

ALI has been good to me ever since I have started trading, always welcoming me with profits.  ALI has also been quite a tease pushing and pulling the PSE index with its high-low combinations on its closing prices.up:gucci bags

Just recently last week, ALI jumped on the close from 18 to 18.7; too bad my shares got bitten as it was sold at 18.  I now plan my re-entry as I expect it to open at a lower price again, just like what happened last time.

20% is allotted at 17.4
30% on 17.16
50% on 16.8
increase buying below 16.8 with an immediate support at 16.2

Buying on the 16.xx level is good since TP from COL is at 19.75 (as of 9/8/10).