Sold - Jiangnan Group (1366.hk) and Haichang Holdings (2255.hk)

Taking two small losses today as I just realised that both shares were trading in a symmetrical pattern.

Bought 2K of Jiangnan Group (1366.hk) at $1.35 on 14 April, sold on 27 April at $1.32. Loss of HK$79.76 (3%).



With almost $27M in OBV and the share trading in a symmetrical pattern, I anticipate that the price for Haichang (2255.hk) will be going down. So rather than take it when my stop loss level is reached, I decided to just take a small loss and exit now until a breakout occurs.

Bought 1K of Haichang Holdings (2255.hk) at $1.65 on 18 April, sold on 27 April at $1.63. Loss of HK$32.45 (2%).


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