Background

I am in a disciplined mode to exit more than half my stocks to raise up to 40% of my peak position in Bursa as I blogged earlier here.

I believe MAXIS is a nice stock but it is looking to approach resistance hence, notwitstanding that I think it's a nice business, I have to make tough choices to close.

Here's what I'm looking at:

Long term Chart

This is only a quick sharing, but the short of it is that on CAGR basis, MAXIS also exceeded my 9% per annum target.  The main point is to share where I think are the key resistance for MAXIS this month or two, which may be around 4.18 to 4.23 range.

That's where I plan to close my entire MAXIS position.

If it takes longer than a couple of months, I may just close it around 4 given the downtrend line resistance.

It may well do a breakout after that in light of the clear double bottom but with so many good choices, we have to follow our bigger trading plans.

Disclaimer:  As usual, you are fully responsible for your own trading and investing positions.