{"id":4040,"date":"2020-08-28T17:47:20","date_gmt":"2020-08-28T09:47:20","guid":{"rendered":"https:\/\/www.investagrams.com\/daily\/?p=4040"},"modified":"2020-08-28T17:50:51","modified_gmt":"2020-08-28T09:50:51","slug":"featured-trader-of-the-week-j-hackz","status":"publish","type":"post","link":"https:\/\/www.investagrams.com\/daily\/2020\/08\/featured-trader-of-the-week-j-hackz\/","title":{"rendered":"Featured Trader of the Week : J Hackz"},"content":{"rendered":"

Despite the cloudy performance of the local index, there are still names that exhibit resilience. Spotting a potential market leader involves precision and accuracy, and a market participant\u2019s stock selection should be clear and concise.<\/span><\/p>\n

For our featured trader for the week, we will be showing how he was able to pinpoint Philippine Infradev Holdings Inc. or $IRC to fly. J Hackz a.k.a. @j_hackz is a member of the Investa Community who shares his analysis on several names using classical Technical Analysis.<\/span><\/p>\n

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Based on the price structure of the said stock, $IRC was hovering above its major dynamic support levels in the form of moving averages. While the stock was forming a base, it was accompanied by dried-up volume and was also hovering above RSI (14) 50, which further solidified the creation of the said base.<\/span><\/p>\n

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Despite its issues with liquidity, it was a low-risk, high-reward trade, as accumulation levels could be at around the 0.78-0.8 area and a quick cut below 0.76 (-4% to -5%). It had an opportunity to tranche at the breakout of the recent pivot high at 0.94 area with a quick cut below 0.9 (-4%). Potential take profit areas were around the 1.15-peso area (20%-45%).<\/span><\/p>\n

The recent breakout of its previous pivot area was also supported with massive volume, which was a good indication of the said move to further continue its advance. $IRC must either break the 1.15-peso levels or at least sustain the 1-peso psychological support level to further supplement its dominance.<\/span><\/p>\n

It is essential for a market participant to prepare for what\u2019s ahead. A stock like this may shake you out as observed with the wicks present in the price structure. The key is to establish a buyback plan in case you get stopped out of a trade like this. There is a chance that you were just too early in the trade. As Zig Ziglar exclaims, success occurs when opportunity meets preparation.<\/span><\/p>\n

Congratulations to those who were able to maximize the technical swing of $IRC. Lastly, kudos again to J Hackz a.k.a. @j_hackz for sharing his execution. Your FREE 1-month InvestaPRO access is on its way!
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Now is your chance to win over PHP 300,000 in PRIZES and <\/strong><\/div>\n
be hailed as the Champion of the Biggest Trading Competition in the Philippines! \"?\"<\/span><\/strong><\/div>\n
<\/div>\n<\/div>\n
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Join the Investagrams’ Trading Cup 2020: Bounce Back Challenge. Competition starts on September 28.<\/strong><\/div>\n

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Click on the photo to learn more about the Investa Cup 2020.<\/figcaption><\/figure>\n


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Despite the cloudy performance of the local index, there are still names that exhibit resilience. Spotting a potential market leader involves precision and accuracy, and a market participant\u2019s stock selection should be clear and concise. For our featured trader for the week, we will be showing how he was able to pinpoint Philippine Infradev Holdings […]<\/p>\n","protected":false},"author":3,"featured_media":4045,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"cybocfi_hide_featured_image":"","footnotes":""},"categories":[34,37],"tags":[],"class_list":["post-4040","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-latest-posts","category-news-features"],"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/www.investagrams.com\/daily\/wp-json\/wp\/v2\/posts\/4040","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.investagrams.com\/daily\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investagrams.com\/daily\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investagrams.com\/daily\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investagrams.com\/daily\/wp-json\/wp\/v2\/comments?post=4040"}],"version-history":[{"count":5,"href":"https:\/\/www.investagrams.com\/daily\/wp-json\/wp\/v2\/posts\/4040\/revisions"}],"predecessor-version":[{"id":4048,"href":"https:\/\/www.investagrams.com\/daily\/wp-json\/wp\/v2\/posts\/4040\/revisions\/4048"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.investagrams.com\/daily\/wp-json\/wp\/v2\/media\/4045"}],"wp:attachment":[{"href":"https:\/\/www.investagrams.com\/daily\/wp-json\/wp\/v2\/media?parent=4040"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investagrams.com\/daily\/wp-json\/wp\/v2\/categories?post=4040"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investagrams.com\/daily\/wp-json\/wp\/v2\/tags?post=4040"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}