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Featured Trader of the Week: @ivana27

Featured Trader of the Week: @ivana27

Our featured trader of the day keeps it simple with basic but very useful indicators! With that, let’s give a round of applause and congratulate our featured trader of the week @ivana27!

According to Alexander Elder, “The goal of a successful trader is to make the best trades. Money is secondary”. His saying reminds us not to get eaten up by our emotions, but to be consistent with our wins as a trader. To win in the market, one must be able to read and analyze carefully the price action of the market he/she has chosen, which is what @ivana27 has done. 

Just recently, @ivana27 shared his insights on BTC and the possible direction it could go in the following days to come.

It was about 4 days ago that our featured trader showed us his thoughts on $PSEI, the overall market status of the Philippines. With concerning global economic conditions and an increase in interest rates, many traders are still unsure whether to buy or sell. 

During this specific trading period, @ivana27 has plotted only a few technical indicators which would help him predict price actions for his trading plan. As we can see, he has included RSI, a tool which allows traders to identify whether or not a stock is oversold or overpriced, and the MACD History divergence, an indicator which lets us know if moving averages are forming a new trend. We can also observe that a head and shoulders pattern is being plotted out in the chart. This is usually a sign for a downward trend movement. 

TECHNICALS OF THE TRADE

In the past few trading days, the PSEI has experienced downward movements causing its price to stumble from 6,800 to as low as 6,200. The current price of $PSEI makes it no better as all MA’s from 5 to 100 are not in par with its last trading price. This also means that a downward trend is taking place in the market. Moreover, we can see that the PSEI is trading within the 30 RSI levels indicating that it is close to being oversold. As for its MACD, there are still no clear signs of reversal making it seem like we are still stuck in bearish territory in the days to come. A spike of volume was seen last September 16 followed by a consistent amount of trading volume in the following days. 

FUNDAMENTALS OF THE TRADE

Just recently, the BSP has raised interest rates to 4.25% as  the Peso continues to devalue versus the dollar. Following a 50-bp upward adjustment in August, the Monetary Board has decided to increase the policy rate by 50 basis points, or half a percentage point. In the meantime, Philippine inflation last month slightly decreased to 6.3%. As a result, the average inflation rate increased to 4.3%, which is still above the BSP’s target range of 2-4% for 2022. 

WHAT SHOULD BE MY NEXT MOVE

In the daily time frame, PSEI is seen to have broken its support line, which is often a bearish pattern. It is currently trading above around 6,300 levels while barely maintaining the 0.236 fibonacci support level. From here, we can anticipate a short-term bounce up to the 6,370 levels, after which another rejection is possible.

With the PSEI barely holding its support levels and the terrible market conditions going around, we may not be able to see any reversal in the next few days.

There are barely any signs of reversal, and despite the RSI being close to oversold, other indicators such as the MACD are still on its downtrend bias. The fibonacci support level of 0.236 has been recently tested by the PSEI and has barely managed to bounce back up during its closing price. 

Dollar cost averaging would probably be your best choice given the abundance of FUD in the market and the current state of the world economy. A great way to gradually build up your portfolio and benefit from the global economic situation would be to buy the dips with small percentages of your total capital. Make sure to also read news reports updated from the BSP as well as political news which could affect market status. 

When trading, always buy the fear and sell when everybody else is happy. As what @ivana27 said, always do your own research and trade smartly. Once again, KUDOS to @ivana27 for being this week’s featured trader! Enjoy your 14-day InvestaPrime Access and continue to be an inspiration to the trading community.

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Cryptocurrency Staking: Earn Passive Income Using Cryptocurrencies

With digital assets being a hot topic in recent years, cryptocurrency staking is one strategy that traders use in order to generate passive income. By simply delegating and locking up crypto holdings, traders are able to earn rewards such as earning additional tokens and getting some voting rights.

But in order to profit from it, one must first grasp the fundamentals in order to make their investments more efficient. The article below will help you get started on understanding what staking is and why it should be considered for traders. 

What is Cryptocurrency Staking?

The general idea behind cryptocurrency staking is that it involves agreeing to provide a blockchain network with a percentage of your cryptocurrency. The blockchain network makes use of your cryptocurrency for network improvement, such as better compliant transactions.

It’s also best to keep note that higher staking risk offers back higher rewards

Staking is thought to be a unique way of supporting transaction confirmation. Despite it being one of the passive ways to earn money, crypto staking is not made available for every coin in the market. It is only accessible through coins that employ the proof-of-stake model (PoS). Compared to the proof-of-work model, it is more effective at confirming transactions and consumes less energy.

What is Proof-of-Stake?

Cryptocurrencies use the proof-of-stake consensus algorithm to process transactions and add new blocks to a blockchain. A consensus mechanism is a procedure for approving database inputs and maintaining the database’s security. In the context of cryptocurrencies, the database is referred to as a blockchain, and the consensus mechanism protects the blockchain.

Crypto developers employ proof-of-stake (POS) to validate block transactions based on the number of coins staked by a validator. In terms of the risk of a network attack, proof-of-stake (POS), which structures compensation in a way that makes an attack less advantageous, is considered to be less risky. 

Proof of Work

Powerful computers used by miners must solve challenging puzzles in the proof of work consensus algorithm. To solve the problems, the trial and error method is used. A proof-of-work system requires powerful computers. However, POW requires a lot of power, transaction times may get slower as the network grows.

The proof of work model has drawn a lot of criticism due to the enormous amount of energy it consumes, which worsens the effects of global warming. This has caused China to prohibit cryptocurrency mining for the same reason in order to lower carbon emissions and lessen the effects of global warming.

What can I benefit from Cryptocurrency staking?

Cryptocurrency staking can be beneficial not only for traders but for the whole blockchain ecosystem as well. In an article by Banerjee (2022), here are some of the benefits:

Environmentally friendly

The mechanism used in staking uses very little energy, which ultimately benefits the environment. It is significantly better than crypto mining because it does not require a lot of computational power.

The Blockchain Network Benefits

Staking cryptocurrency makes the blockchain network’s transaction processing more effective. In addition to this, it helps the system maintain a high level of security and reduces fraud.

Aids in Increasing Interest

One of the best ways for investors to earn a sizable sum as interest is by staking cryptocurrencies. In general, it can give you good returns. But, bear in mind that there are also some risks which we’ll cover in the next section.

What are the drawbacks of Cryptocurrency staking?

Staking crypto will also have its drawbacks which could be a problem for most. The following are considered to be problems of staking:

Impermanent Loss

Impermanent loss is a common downside of cryptocurrency staking that puts the entire crypto market in danger. Due to the extraordinary volatility of the cryptocurrency market, the value of tokens can fluctuate significantly in just a few hours. Therefore, while you are staking a coin it might lose a lot of value while it’s staked.

Theft

There is always a possibility that your wallet will be taken. Since the emergence of blockchain technology, cryptocurrency theft has significantly increased. It puts both cryptocurrency owners and the daily services they depend on in peril. The fact that your money is “frozen” during the staking time does not ensure its security, either. So be sure to use a reliable wallet to prevent it from happening. Research the wallets that are best for you.

Lockup periods for Cryptocurreny Staking

Some stakable assets in the area of cryptocurrencies have a lock-up time. You cannot unlock an asset that has been locked for a predetermined period of time until that period has passed. There is nothing you can do, making you powerless. This could have a big impact on your overall investment. For this reason, it is suggested that you use cryptocurrencies that offer staking without lock-up periods. The staked cryptocurrency will be within your control here.

What we learned so far cryptocurrency staking

Staking cryptocurrency is a great way to establish a steady passive income stream. Making wise investments is the only thing needed. Staking can be viewed as the future of cryptocurrencies because it uses the proof of stake paradigm, which is far more environmentally friendly than the proof of work strategy.

Just remember that before venturing into staking, take the time to get to know the coins you’ll lock into. Do your own research and analysis and always do your due diligence when trading. 

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Featured Trader of the Week: @soservin07

All the way from Canada, let’s give a round of applause and congratulate our featured trader of the week @soservin07!

One of the key techniques in trading is learning to create a state of mind that is not affected by the market’s behavior as said by Mark Douglas. As an experienced trader in the market, @soservin07 reminds us to trade smartly and to do our own research before clicking the buy/sell button.

Just recently has @soservin07 given his in-depth thoughts about the market which has allowed us to obtain valuable information when trading.

About two weeks ago, our featured trader showed us his thoughts on $BTC, the top crypto coin in the market. With so much FUD going on on the market, many are still unsure on where this coin will go in the next couple of days. 

During this specific trading period, @soservin07 has plotted multiple technical indicators which would help him predict price actions for his trading plan. As we can see, he has included bollinger bands, parabolic SAR, multiple EMA’s, RSI and Stochastic RSI. He hopes that we would see signs for the next bullish cycle if it breaks 25k, but if it doesn’t, a 15k down to 14k would likely be the worst case scenario. As of today, $BTC is ranging around the 19k-20k levels. 

TECHNICALS OF THE TRADE

In terms of technicality, $BTC has hit a 52-Week Low of 17,614 indicating a strong support level around that area and a 52-Week High of 68,906.48. As we can see in his chart, he has plotted a “Tight Descending Wedge” indicating that a bullish cycle would be possible in the days to come. We may also notice in his chart that the price of $BTC is below most MA indicators he has plotted, indicating that prices are below average compared to the days before. RSI during that day was around 40-50 levels meaning it was neither overbought or oversold during that specific time period. However, as we look at its stochastic RSI, we may notice signs of reversal as a cross is seen to take in play. Volume levels are also seen to be slowly increasing compared to the previous weeks.

FUNDAMENTALS OF THE TRADE

Just recently, the CPI report has been released with inflation slowed to 8.3% in August. This has plunged almost, if not, every market in the world with BTC dropping almost 10% after the inflation report. With the global economy still on the verge of collapsing due to high interest rates and prices, trading BTC at the moment would not be the best option for most traders as FUD would cause them to pull their investments out. As of today, BTC has a total market cap of around 387 billion.

WHAT SHOULD BE MY NEXT MOVE

In the daily time frame, BTC is forming a descending triangle, which is often a bearish pattern. It is currently trading above $20k while maintaining the $19.8k support level. From here, we can anticipate a short-term bounce up to the $21.5k–$22k level, after which another rejection is possible.

Any daily closing below the $18k level will confirm the breakup of this descending triangle, which is a critical support level for BTC. After the breakdown, we may see levels between $12k and $13k.

Take note as well of the recent EMA Cross (10,20) which signals a bearish reversal for BTC. Prices are also seen to be below average in the last 20 days with its RSI around 40-50 indicating that it is neither oversold or overbought. 

With all the FUD on the market and the current global economic status, dollar cost averaging would most likely be your best option. Buying the dips with small percentages of your total capital would be a great strategy to slowly build up your portfolio, while at the same time, taking advantage of the economic status of the world.

When trading, always buy the fear and sell when everybody else is happy. As what @soservin07 said, always do your own research and trade smartly. Once again, KUDOS to @soservin07 for being this week’s featured trader! Enjoy your 14-day InvestaPrime Access and continue to be an inspiration to the trading community.

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What are Bull Traps and how to Avoid Them

For any trader with experience, bull traps are the worst. One minute, a stock could be rallying after a breakout. Then stops are suddenly hit only a couple of hours later as prices plunge downwards. Bull traps happen pretty frequently. It’s a part of the reality that traders have to face.

For traders who haven’t encountered this annoying market behavior yet, it would surely pay to learn more about it. Let’s dive into what exactly bull traps are and the countermeasures we can take!

Bull Traps

A bull trap is often known as a “false signal” in the market. As the name suggests, they often trap buyers – forcing them to close their positions as their cut loss points are hit. Bull traps can take many forms. Bull traps commonly appear as false breakouts. However, they can also come in the form of reversals that fail. Generally, you can identify bull traps when you see bullish technical patterns that appear to be working, only to fail in the following candlesticks. 

SPX counter-trend rally bull trap

A recent bull trap that occurred was in one of the U.S. stock market indices, the S&P 500. The gist of this was that everyone thought the inflation-interest rates fiasco was over. Players in the market assumed the Fed already turned dovish. As enthusiasm filled wall street, stock prices rallied. The general 4,200 level was the major resistance to break. Although prices broke past, the breakout immediately failed in the following week. As prices failed to hold, this only proved that the breakout was but a mere bull trap.

Bitcoin intra-day bull-trap

Just recently, Bitcoin also staged a rally. While the trend is still intact, prices created a bull trap scenario for intra-day traders. 21,800 was proving to be a resistance point that needs to be broken. Prices suddenly surged past the level, only to fall back quickly in a matter of hours. Again, the move trapped breakout buyers.

ACEX ongoing retest

This one is still an ongoing case. Will $ACEX hold above its resistance-turned support, or will it become a bull trap? Again, prices broke out of a major resistance level (17.00). Currently, prices are still retesting the level. If 17.00 fails to hold, the move can then be labeled as a bull trap. However, as the level still holds we can’t determine yet if the move was only a sucker play, or if it still has short-term potential.

The market psychology behind bull traps

As always, we need to understand the market dynamics behind certain behaviors. For shortable markets, these moves happen when bears start to take control. Since breakout strategies are already common, advanced market participants take advantage of creating false breakouts in order to get better prices for shorting. They are also able to short a bigger amount as breakout buyers put more liquidity into the market. 

For long-only markets, bull traps often take place during bearish environments. There will always be outliers in every market. However, not all breakouts tend to stay strong. Traders who are aware of this often make the adjustment of selling early into the breakout. While most retailers are still buying in hopes of a jackpot, seasoned veterans are already selling. In effect, this creates bull traps.

How do you avoid bull traps?

This begs the question, how do you avoid bull traps? Like all other losses, it’s impossible to fully avoid all bull traps. Breakout strategies are still strong tactics that can be used in trading the markets. Although not all can be avoided, you can take extra precautions or certain adjustments to avoid getting caught all the time

Look at the macro view of the market

As mentioned, bull traps often happen when the overall environment is bearish or when bears are in control. Hence, it would make sense to look at the bird’s eye view of the market. For example, if the index of the market you are trading is bearish, you can expect bull traps to happen more frequently. From there you can start to look at how you can make adjustments.

Selling quickly into strength

If you already know that the broad market has turned bearish, adjustments need to be made. There is a wide variety of tactics that can be employed. Selling into strength is one of the simplest, yet effective ways to avoid bull traps. Rather than trying to follow an uptrend, you can opt to sell profits quickly after a breakout. This entails lower risk-to-reward ratios, so you have to tweak your strategy to suit your style of trading better.

Buying tranches at support

As rallies are more short-lived in bearish environments, shifting tranches bought closer to support levels can be a viable adjustment. This will also let you get better risk-to-reward ratios if you choose to sell into strength after breakouts. However, keep in mind that you are also exposing yourself to the risk of breakdowns. 

Finding the right strategy

There are limitless variations in how you can adjust the way you trade. What was mentioned above are only just examples of adjustments you can make. As different market conditions demand different needs, you need to be flexible. This is where experience and preparation come in. Through being consistent with doing the hard work, such as studying your trading journals and reflecting on charts, the better you will be at anticipating possibilities and adjusting your strategies in your own unique way.

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Featured Trader of the Week: @jrebong

Our featured trader of the day is basing his trades on price and and trend analysis! Let’s give a round of applause and congratulate our featured trader of the week @jrebong!

Ray Dalio once said that “In trading, you have to be defensive and aggressive at the same time. If you are not aggressive, you are not going to make money, and if you are not defensive, you are not going to keep the money.” In the case of @jrebong, he believes that an entry of trade using TA is a must as it helps him to be more successful in terms of trading accuracy.

@jrebong has been a member of the Investagrams community since March 2016 and has been very active and sharing his trades. 

A couple of weeks ago, our featured trader posted his technical analysis on $ABA. A hot stock in the local market and a key player in the mining industry locally. $ABA recently surge with a whopping positive close at 2.36 with 7.76%.

As the stock recently reached a 52-wk high at 2.36. @jrebong charted its support, volume, and resistance,  on the chart, bound for a breakout in its trendline as he believes in its technical analysis. @alphatraderph felt an opportunity to have a good entry near the support and HOLD for a while.

TECHNICALS OF THE TRADE

In sequence 1, our featured trader charted RSI, MA, EMA, Volume and Stoch. Furthermore, as $ABA recently reached 52-wk high at 2.36 area. It is further to move up more and retest at 2.5 and 2.6 onwards before it pullback or retest in the 2.2-ish area. It’s RSI is overbough already but this will matter whether it will surge or pull back in the next few weeks. It’s MA remained uncrossed as it surges. ABA’s chart looks good in the market as local and foreigners are jumping in with the stock. The support of this stock is at 2.2 and 2 area. It’s resistance remained unknown since ABA closed at 52-wk high. While other mining stocks are falling, ABA remained strong and break its previous resistance and closed at 52-wk high. On the next sequence of the photo, our featured trader urges local and foreigners to ride in as it breaks out. He assumes that it will further surge and might be profitable for trading. Furthermore, it is best to observe technical indicators as ABA remained a hot topic recently. 

@jrebong was confident that this stock will further surge as he indicated in sequence 1 photo that this stock might be explosive. Explosive meaning that the stock will surge and will further break resistances. He did not charted support and resistances. However, he remained positive for this stock as he is obviously aware that it is overbought already and might be retesting in the next few weeks. Further to that, he is encouraging fellow traders to ride-in as he believes that ABA will further surge more.

FUNDAMENTAL CATALYST

AbaCore Capital Holdings, Inc. is a holding company whose shares are listed and traded in the Philippine Stock Exchange (trading symbol: ABA). At present, AbaCore Capital Holdings, Inc. has interests in the leasing of gaming equipment, gold and coal mining, real estate and financial services.  

As of September 02, 2022, the ABA closed at 2.36, 52-wk high. ABA remained underrated for some as book value per share of ABA is at 3.5 2Q 2022. Further to that, ABA is engaged with the businesses above. Furthermore, its key indicators are the following: return on assets, return on equity, earnings per share, current ratio, debt-to-equity ratio.

Return on assets: 0.09%
Return on equity: 0.10%

EPS: 0.0025%
Current ratio: 2.817:1
Debt to equity ratio: -1.39:1

The ability to pay for a company to its debts plays a vital role for each company. Based on the financial indicator of ABA, this will depend on you whether you will invest or not. Furthermore, ABA remained speculative for some and an ideal for some. Based on its financial statement and key indicators, it is some how doubtful for investors to ride in with ABA as its financial statement is doubtful for some. It is best to observe what will ABA will do in the next few weeks (For its TA and FA)

WHAT SHOULD BE MY NEXT MOVE

As the stock recently 52-wk high, it would be wiser to observe and wait for what $ABA might do next before jumping in. This stock is speculative since the industry right now is a much more focused industry by the national government. In terms of trading, the demand from consumers is continually growing. However, it’s best to wait for a consolidation, pullback, or a good entry near its support for a better risk-to-reward ratio. It would also be advisable to trade lightly and in tranches given that we’re not yet out of the woods.

Once again, KUDOS to @jrebong for being this week’s featured trader! Enjoy your 14-day InvestaPrime Access and continue to be an inspiration to the trading community.

Invest to build a better future and learn continuously to improve yourself.

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2. Complete application
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What to Know About Mutual Funds

Almost everyone knows by now that investing is a great way to grow your wealth. However, the biggest barrier for most people is often not knowing how to invest their funds. Luckily, there are Mutual Funds. Mutual Funds are a great way for people with no experience to start investing. Among the different assets, it is the easiest one to invest in. Let’s dive into what they are and what you need to learn first before you get started.

Mutual Funds

Mutual funds are issued by investment companies regulated by the Securities and Exchange Commission (SEC). There are different kinds of Mutual Funds. There are some that invest solely in stocks, while others focus more on fixed-income assets. They can also be categorized based on if they invest in the local or global markets. In fact, some go as far as to state whether they invest only in specific industries, or if they invest in the broad market. The easiest way to figure out the details of a specific fund is to read their Fund Methodology. From there, you can figure out if you’re interested to the fund or if you’d prefer something else.

NAVPS

Aside from a fund’s methodology, you also have to keep track of the funds value. The NAVPS, or Net Asset Value Per Share, refers to a Mutual Fund’s market price. When you invest in Mutual Funds, you will be buying shares of the fund. The NAVPS serves a function similar to a stock’s price. With this you can determine how the fund has been performing, and you can keep track of how your investment has faired moving forward.

Where do you find the NAVPS?

Usually, NAVPS is often reported at the end of the day by your broker or platform.

For example, in the InvestaPH platform, you can look for your fund of choice to figure out its NAV.

Why are Mutual Funds a good investment?

Mutual Funds have a low barrier for entry as it only requires a small amount to start. In addition, incremental top-ups also only require a small minimum a mount. For example, investing in a diversified Mutual Fund allows you to stay invested in a bigger group of companies while enjoying tax-free profits. On the other hand, individually investing in these companies by yourself would cost you more commissions and taxes, along with a bigger investment minimum.

Mutual Funds also save you the effort of having to research on your own. Since a professional fund manager takes care of this, you don’t have to worry about making decisions and executions. All you need to do is find the fund that fits you, then invest in it.

Are mutual funds safe?

Like all other investments, mutual funds are subject to losses as well. However, the goal of a mutual fund is to build or protect wealth in the long-term. Losses are unavoidable in the short-term, but most of the time you can bank on the experience and knowledge of the investment companies to make the right decisions and do what’s best for your investment.

Invest to build a better future and learn continuously to improve yourself.

Join our #InvestorDay 9.9 and get a chance to win LIFETIME ACCESS to our InvestaFest premium recorded videos and have the opportunity to learn straight from top traders, entrepreneurs, industry leaders in the country!

To join, simply:
1. Download Investa app
2. Complete application
3. Invest for as low as Php 1,000.00 to claim your 150 raffle tickets

You can invest as much as you want on or before September 9 and claim unlimited raffle tickets!

Invest today: http://invs.st/IVGWInvestorDay99Daily

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Featured Trader of the Week: @alphatraderph

An alpha way for charting technical analysis! Let’s give a round of applause and congratulate our featured trader of the week @alphatraderph!

Alexander Elder once said that “The goal of a successful trader is to make the best trades. Money is secondary.” In the case of @alphatraderph, he believes that an entry of trade using TA is a very must as it helps him to be more successful in terms of trading accuracy.

@alphatraderph has been a member of the Investagrams community since Aug 2018 and has been very active and sharing his trades recently. 

A couple of weeks ago, our featured trader posted his technical analysis on $VUL. A hot stock in the local market and a key player in the mining industry locally. $VUL recently broke its resistance at the 0.89-ish area.

(Sequence 1)

As the stock recently reached a 52-wk low at 0.76-ish area. @alphatraderph charted its support, volume, and resistance,  on the chart, bound for a breakout in its trendline as he believes in its technical analysis. @alphatraderph felt an opportunity to have a good entry near the support and HOLD for a while.

TECHNICALS OF THE TRADE

In sequence 1, our featured trader charted a cup and handle for a further breakout. Furthermore, $VUL broke its trendline at the 0.89 level and as of August 26, 2022, closed at 0.96. Thus, the stock recently reached the 0.98 area and is bound for a retest in the 0.89-0.92ish area. After breaking out at the 0.89 level, VUL’s volume surges along with MA. On the other hand, others are falling and consolidating. VUL is showing strength in terms of volume as it continues to retest after breaking out the resistance area. It came from a 52-wk low of 0.76ish before surging and breaking the 0.89ish and 0.93ish area, respectively. There could be a retest in the next few weeks for this stock to retest in the next resistance area at 1 PHP per share and above. Technically speaking next resistance of RRHI  is the 1 level onwards. Furthermore, VUL will retest whether it will break out at a 1 area or be back at the bearish side at 0.89-ish, 0.76-ish, and below area.

(Sequence 2)

@alphatraderph was confident that this stock would further go up as he charted a cup and handle indicator in which it is bound for a breakout or surge in the stock. He also charted that VUL will go up and will retest as he indicated support and resistance in the sequential posts he made. He charted a good entry near the 0.81 area. He is also observing the movement of VUL. Further to that, he is planning his trades carefully and aligning them with TA. 

FUNDAMENTAL CATALYST

VULCAN INDUSTRIAL AND MINING CORPORATION is a company that finds, develops, and produces oil and gas reserves and other mineral properties. The Company is also a participant in several service contracts, mineral production sharing agreements, and geophysical survey and exploration contracts entered with the Philippine Government, through the Department of Energy.

As of August 26, 2022, the VUL closed at 0.96. VUL remained speculative as it has a negative return on assets amounting to -476.97%. However, $VUL has been a trend recently, and the volume from the locals and foreigners is increasing. It is still unknown whether $VUL will rise further or fall back. However, the Philippine Government has recently been focusing on the new regime of fiscal policy for the mining sector. This will further be speculative depending on the fiscal policy that will be passed as law. Thus, it is best to observe $VUL and plan a good entry and exit as VUL and other mining stock companies will further be speculative. In addition, the Philippine Economy is expected to rely on the mining sector to further collect funds from this industry.

(SEC17Q 1Q2022, VulcanMining)

(Sequence 3)

WHAT SHOULD BE MY NEXT MOVE

As the stock recently breakout from 0.89, it would be wiser to observe and wait for what $VUL might do next before jumping in. This stock is speculative since the industry right now is a much more focused industry by the national government. In terms of trading, the demand from consumers is continually growing. However, it’s best to wait for a consolidation, pullback, or a good entry near its support for a better risk-to-reward ratio. It would also be advisable to trade lightly and in tranches given that we’re not yet out of the woods.

Once again, KUDOS to @alphatraderph for being this week’s featured trader! Enjoy your 14-day InvestaPrime Access and continue to be an inspiration to the trading community.

Invest to build a better future and learn continuously to improve yourself.

Join our #InvestorDay 9.9 and get a chance to win LIFETIME ACCESS to our InvestaFest premium recorded videos and have the opportunity to learn straight from top traders, entrepreneurs, industry leaders in the country!

To join, simply:
1. Download Investa app
2. Complete application
3. Invest for as low as Php 1,000.00 to claim your 150 raffle tickets

You can invest as much as you want on or before September 9 and claim unlimited raffle tickets!

Invest today: http://invs.st/IVGWInvestorDay99Daily

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