Contents:
- Trade Details
- Hybrid 10-Step Trading Strategy Review
- Final Trade Assessment
- Next Steps
Trade Details
- Trade No.: 5/20
- Date: February 5, 2025
- Action: Buy
- Entry Type: Momentum Entry from Early Reversal Attempt
- Signal: Breakout Above Recent Support with Strong Green Bar
- Stock: Monde Nissin Corporation (MONDE)
- Shares Bought: Last 500 out of 1200 shares allocated (completing full position)
- Entry Price: ₱7.79
- Position Size: Full allocation completed
📌 Chart Overview:
- Daily Chart: MONDE posted a strong +8.06% gain, closing at ₱7.78 with a volume surge of 13.978M shares, showing renewed interest and an early reversal signal.
- The price is now above ₱7.50 and approaching the 20-MA (₱7.28), a critical short-term resistance level.
- The 200-MA (₱9.67) remains well above, indicating that MONDE is still in a longer-term downtrend.
- Monthly Chart: The price action shows a potential bottoming attempt, with MONDE bouncing from multi-year lows. However, the 20-MA (₱9.12) remains a key resistance level.
MONDE Trade No. 5/20 – Post-Trade Analysis Monthly Chart
MONDE Trade No. 5/20 – Post-Trade Analysis Daily 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: 7/10
- MONDE is in a long-term downtrend but has shown strong signs of a short-term bottom.
- A recovery attempt is underway, but confirmation is needed above ₱8.00-₱8.50.
Step 2: Assess Price Position Relative to Key Levels - Score: 8/10
- Price is now trading slightly above key support levels but remains under major resistance zones (₱8.50-₱9.00).
- Break above ₱8.00 would confirm a short-term bullish structure.
Step 3: Power Bars & Retracement Strength - Score: 9/10
- Strong green candle with increasing volume confirms buying pressure.
- A close above ₱7.80 signals continuation potential.
Step 4: Entry Confirmation Based on Retracement Levels - Score: 8/10
- Entry aligns with a bullish move past recent support.
- A break above ₱8.00-₱8.50 would further validate bullish momentum.
Step 5: Tactical Stop-Loss Adjustments - Score: 9/10
- Stop-loss set below ₱7.50 ensures controlled downside risk.
- A deeper pullback below ₱7.30 would invalidate the trade setup.
Step 6: Color Change as a Secondary Confirmation - Score: 8/10
- Bullish price action with strong volume confirms upward momentum.
- Needs continuation above ₱8.00 for stronger validation.
Step 7: Profit-Taking Aligned with Retracement Targets - Score: 9/10
- First target: ₱8.50 (next major resistance).
- Final target: ₱9.50-₱10.00 (longer-term retracement zone).
Step 8: Re-Entry at Secondary Retracement Pullbacks - Score: 7/10
- A pullback to ₱7.60-₱7.70 could offer another entry opportunity.
- Breakout above ₱8.00-₱8.50 justifies adding more exposure.
Step 9: Tactical Position Management - Score: 8/10
- Full allocation deployed, limiting further scaling.
- Risk management is crucial near resistance levels.
Step 10: Counter-Trend Trades Only When Retracement Fails - Score: 7/10
- Not a counter-trend trade, but caution is needed near ₱8.50 resistance.
- Failure to hold ₱7.50 could lead to further downside.
📌 Overall Strategy Score: 80/100
📌 Summary: Trade was well-executed based on momentum confirmation, but resistance near ₱8.50 must be monitored.
Final Trade Assessment
Trade Rating: 8.0/10
✅ Trade Execution: Entry positioned at a breakout level, aligning with short-term trend reversal.
✅ Risk Management: Stop-loss at ₱7.50 ensures controlled downside risk.
✅ Profit-Taking Strategy: First target at ₱8.50, scaling out at ₱9.50-₱10.00.
✅ Position Size Strategy: Full allocation, requiring strict risk management.
Next Steps
📌 Monitor price action near ₱8.00-₱8.50. If MONDE holds this level, consider holding the position for further gains.
📌 Watch for weakness below ₱7.50. If momentum weakens, reassess the trade and adjust stop-loss accordingly.
📌 Look for re-entry opportunities. If MONDE retests ₱7.60 and holds, consider adding more exposure in future setups.
🚨 Conclusion: Trade No. 5 remains strong, with a bullish outlook. A move above ₱8.50 would confirm further upside, while a break below ₱7.50 would require caution. 🚨
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
No comments:
Post a Comment