Contents:
- Trade Details
- Hybrid 10-Step Trading Strategy Review
- Final Trade Assessment
- Next Steps
Trade Details
- Stock: Asian Terminals Inc. (ATI)
- Exchange: PSE
- Timeframe: Intra-Day (Daily Chart Reference)
- Date: January 24, 2025
- Closing Price: ₱17.02
- High: ₱17.46
- Low: ₱16.34
- 20-MA (Short-Term Trend): ₱16.81
- 200-MA (Long-Term Trend): ₱18.61
- Price Movement: Potential trend reversal with strong volume
- Volume: 159.2K, significantly higher than previous sessions
ATI Intra-Day Chart Analysis – January 24, 2025
Hybrid 10-Step Trading Strategy Review
Step 1: Identify Market State & Trend Context
ATI has been in a clear downtrend for several months, with price consistently trading below the 20-MA and 200-MA. However, today’s strong green candle, breaking above the 20-MA with high volume, signals a potential trend reversal.
Step 2: Assess Price Position Relative to Key Levels
- Price broke above the 20-MA (₱16.81), suggesting a short-term momentum shift.
- The 200-MA (₱18.61) is still above, meaning the long-term trend is bearish.
- Resistance levels:
- First resistance: ₱17.50 (recent swing high)
- Major resistance: ₱18.00-₱18.50 (near 200-MA)
- Support levels:
- Immediate support: ₱16.80 (20-MA)
- Stronger support: ₱16.30 (recent low)
Step 3: Power Bars & Retracement Strength
- A strong green power bar suggests high buying pressure.
- Volume is significantly higher, confirming potential institutional accumulation.
- No major retracement yet, but price holding above ₱16.80 is crucial for further upside.
Step 4: Entry Confirmation Based on Retracement Levels
- Ideal entry range: ₱16.80-₱17.00, as price recently cleared the 20-MA.
- A pullback to ₱16.50-₱16.80 would provide a higher probability entry.
Step 5: Tactical Stop-Loss Adjustments
- Stop-loss below ₱16.80 for short-term traders.
- A wider stop at ₱16.30 for a more conservative risk approach.
Step 6: Color Change as a Secondary Confirmation
- If price closes above ₱17.00 with another green candle on Monday, it confirms the reversal strength.
- A red candle close below ₱16.80 would signal weakness.
Step 7: Profit-Taking Aligned with Retracement Targets
- First target: ₱17.50, a key resistance zone.
- Second target: ₱18.00, a pre-breakdown level.
- Final target: ₱18.60-₱19.00, near the 200-MA resistance.
Step 8: Re-Entry at Secondary Retracement Pullbacks
- If price retraces to ₱16.80, a second entry for additional shares can be considered.
- A retracement to ₱16.50 would offer another buying opportunity.
Step 9: Tactical Position Management
- Increase position if price clears ₱17.50.
- Reduce exposure if price struggles below ₱16.80.
Step 10: Counter-Trend Trades Only When Retracement Fails
- No counter-trend trade setup, as today’s price action signals an early-stage reversal.
Final Trade Recommendation: BUY
✅ Recommendation: BUY today at ₱16.80-₱17.00, given the breakout above the 20-MA with strong volume.
✅ Risk Management: Stop-loss below ₱16.80 to protect against downside risk.
✅ Profit-Taking Strategy: Target ₱17.50, ₱18.00, and ₱18.60 for gradual exits.
✅ Position Size Strategy: Start with a moderate position and add if momentum continues above ₱17.50.
Next Steps
📌 Monitor price action at ₱17.50. If the stock breaks and holds above ₱17.50, consider adding exposure.
📌 Watch for weakness below ₱16.80. If the stock fails to hold the breakout, reassess and tighten stop-loss levels.
📌 Look for re-entry opportunities. If price retraces back to ₱16.80 or lower, reassess for a second entry.
Disclaimer: This post is for informational purposes only and should not be considered financial advice. Always do your own research before making any trading decisions.
Related Readings
- Micro Stock Trader: Comparing the Modified 10-Step Trading Strategy vs. Retracement Trading Strategy
- Micro Stock Trader Portfolio Tracker Page
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