{"id":4386,"date":"2020-11-15T11:35:42","date_gmt":"2020-11-15T03:35:42","guid":{"rendered":"https:\/\/www.investagrams.com\/daily\/?p=4386"},"modified":"2020-11-15T13:11:16","modified_gmt":"2020-11-15T05:11:16","slug":"featured-trader-of-the-week-candlestick-trader-ph","status":"publish","type":"post","link":"https:\/\/www.investagrams.com\/daily\/2020\/11\/featured-trader-of-the-week-candlestick-trader-ph\/","title":{"rendered":"Featured Trader of the Week: Candlestick Trader PH"},"content":{"rendered":"

As the $PSEi revisits the 7000 levels, various names have caught up with the rise of the local barometer. Picture-perfect setups have exhibited themselves that was further amplified by the said rise of the $PSEi. <\/span><\/p>\n

Candlestick Trader PH (@candlesticktrader) <\/a>successfully spotted one of those stocks \u2014 MacroAsia Corporation, or $MAC. This trader is an active member of the Investagrams community who endlessly provides his analysis of local stocks with the use of Technical Analysis.<\/span><\/p>\n

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$MAC formed a long consolidation pattern that started in March of this year. The 8-month consolidation was necessary to solidify the said up move for the stock. Moreover, the stock also exhibited a Golden Cross between the 20-day and 200-day moving average. Also, the breakout is in confluence with the breach of the RSI (14) 70.\u00a0<\/span><\/p>\n

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Despite negative earnings on November 10, 2020, the stock performed well, which indicates that this is a true market leader. Furthermore, it is imperative for the stock to hold at least the 6-peso levels as it is the structural support level that was once a resistance level of the underlying base. <\/span><\/p>\n

It is a low-risk, high-reward trade, as the stop loss levels for the said breakout point of the consolidation pattern is around 5.5 (-6%), and the take profit areas could be the structural resistance at 7.3 to 7.5-peso area (25% to 30%).\u00a0<\/span><\/p>\n

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An ideal tranche opportunity would be a scenario where the price of the said stock would hover and create another consolidation pattern at the highs. A consolidation pattern around the 7 to 7.5-peso levels is indeed attractive to traders as it can act as leverage to propel to higher grounds.\u00a0<\/span><\/p>\n

If you missed this trade, don\u2019t be worried about it. As I have said, the said trader can wait for another buy opportunity to emerge. There is no reason to sulk on missing out on this trade as it is a fact that opportunities happen every day given that the financial markets are basically awake 24\/7.<\/span><\/p>\n

Congratulations to those who were able to maximize $MAC\u2019s monstrous move. Lastly, kudos again to Candlestick Trader PH (@candlesticktrader) for sharing his trade analysis. Your FREE 1-Month InvestaPRO is on its way!<\/span><\/p>\n

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As the $PSEi revisits the 7000 levels, various names have caught up with the rise of the local barometer. Picture-perfect setups have exhibited themselves that was further amplified by the said rise of the $PSEi. Candlestick Trader PH (@candlesticktrader) successfully spotted one of those stocks \u2014 MacroAsia Corporation, or $MAC. This trader is an active […]<\/p>\n","protected":false},"author":3,"featured_media":4393,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"cybocfi_hide_featured_image":"","footnotes":""},"categories":[34,37],"tags":[],"class_list":["post-4386","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\/4386","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=4386"}],"version-history":[{"count":4,"href":"https:\/\/www.investagrams.com\/daily\/wp-json\/wp\/v2\/posts\/4386\/revisions"}],"predecessor-version":[{"id":4397,"href":"https:\/\/www.investagrams.com\/daily\/wp-json\/wp\/v2\/posts\/4386\/revisions\/4397"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.investagrams.com\/daily\/wp-json\/wp\/v2\/media\/4393"}],"wp:attachment":[{"href":"https:\/\/www.investagrams.com\/daily\/wp-json\/wp\/v2\/media?parent=4386"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investagrams.com\/daily\/wp-json\/wp\/v2\/categories?post=4386"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investagrams.com\/daily\/wp-json\/wp\/v2\/tags?post=4386"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}