Contents:
- Trade Details
- Hybrid 10-Step Trading Strategy Review
- Final Trade Assessment
- Next Steps
Trade Details
- Trade No.: 9/20
- Date: January 27, 2025
- Action: Buy
- Entry Type: Re-Entry at Secondary Retracement Pullbacks (Step 8)
- Signal: Price testing key support at ₱6.95 near 50% pullback level
- Stock: Monde Nissin Corporation (MONDE)
- Shares Bought: 500 out of 900 allocated
- Entry Price: ₱6.95
- Position Size: 56% Allocation
📌 Chart Overview:
- Price is testing key support at ₱6.80-₱7.00 (retracement zone).
- 50% pullback level at ₱7.04 was breached, bringing price close to the 0% pullback zone at ₱6.80.
- Trend remains bearish, as price is below the 20-MA (₱7.68) and 200-MA (₱9.79).
- Volume surged to 4.528M, indicating significant trading activity.
MONDE Trade No. 9/20 – Post-Trade Analysis Chart
Hybrid 10-Step Trading Strategy Review
(Each step scored out of 10 based on trade alignment with strategy.)
Step 1: Identify Market State & Trend Context - Score: 6/10
- MONDE remains in a downtrend, with price below both moving averages.
- Attempted stabilization near ₱7.00, but selling pressure remains strong.
- Needs a strong bounce above ₱7.10 to confirm support.
Step 2: Assess Price Position Relative to Key Levels - Score: 7/10
- Entry near ₱6.95 aligns with key support and pullback levels.
- However, the stock is below both moving averages, meaning upside remains limited.
Step 3: Power Bars & Retracement Strength - Score: 6/10
- Recent candles lack strong green power bars, indicating weak momentum.
- Price struggling to hold support, raising the risk of further downside.
Step 4: Entry Confirmation Based on Retracement Levels - Score: 7/10
- Entry aligns with retracement structure, but confirmation is needed above ₱7.00-₱7.10.
- Break below ₱6.80 would invalidate the trade setup.
Step 5: Tactical Stop-Loss Adjustments - Score: 9/10
- Stop-loss set below ₱6.80 to control downside risk.
- A break below this level would weaken the trade significantly.
Step 6: Color Change as a Secondary Confirmation - Score: 5/10
- No clear bullish reversal pattern yet.
- A green candle above ₱7.10 would validate a potential recovery.
Step 7: Profit-Taking Aligned with Retracement Targets - Score: 8/10
- First target: ₱7.28 (100% pullback zone).
- Final target: ₱7.68 (20-MA resistance level).
Step 8: Re-Entry at Secondary Retracement Pullbacks - Score: 7/10
- Re-entry near support at ₱6.95 aligns with the strategy.
- A bounce above ₱7.10 would confirm strength for scaling up.
Step 9: Tactical Position Management - Score: 7/10
- 56% of the position has been deployed, leaving room for scaling up.
- Further additions should be made only above ₱7.10-₱7.28.
Step 10: Counter-Trend Trades Only When Retracement Fails - Score: 5/10
- Not a counter-trend trade, but entry in a bearish trend requires caution.
- Failure to hold ₱6.80 invalidates the setup and necessitates an exit.
📌 Overall Strategy Score: 67/100
📌 Summary: The entry aligns with support, but confirmation above ₱7.10-₱7.28 is needed to maintain bullish bias.
Final Trade Assessment
Trade Rating: 6.7/10
✅ Trade Execution: Entry positioned near key support level, aligning with re-entry criteria.
✅ Risk Management: Stop-loss at ₱6.80 ensures controlled downside risk.
✅ Profit-Taking Strategy: First target at ₱7.28, scaling out at ₱7.68.
✅ Position Size Strategy: 56% Allocation, leaving room for re-entries or scaling up.
Next Steps
📌 Monitor price action near ₱7.10-₱7.28. If MONDE holds this level, consider scaling up.
📌 Watch for weakness below ₱6.80. If momentum weakens, reassess the trade and exit below ₱6.80.
📌 Look for re-entry opportunities. If MONDE retests ₱6.80 and holds, consider adding more shares.
🚨 Conclusion: Trade No. 9 remains valid with moderate conviction, but confirmation of strength above ₱7.10 is critical for a successful outcome. 🚨
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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