We completed our approved 40-share MER accumulation through two execution legs: 20 shares during deep intraday stress, followed by 20 shares after the price began recovering. By market close, the stock had nearly re-entered its lower Bollinger Band—but the broader technical damage remained unresolved.
Originally published: August 3, 2026 · Last updated: August 3, 2026
Links to related posts
- Bollinger Reversion Series: A Formal Setup-Based Series Within the MH Operator Journal
- MER Stock Study, Post 4: MER Valuation Before the Gap Down
- MER Stock Study, Post 5: MER Risk Management Before the Gap Down
- MH Operator Journal Entry 3: MER Lower-Band Accumulation at ₱496.20
Ang Punto ng Usapan
On August 3, 2026, we completed the additional MER accumulation program that we had previously authorized.
The transaction was executed in two stages.
Transaction Leg 1
Shares Purchased: 20
Purchase Price: ₱454.00 per share
Gross Purchase Amount: ₱9,080.00
Transaction Leg 2
Shares Purchased: 20
Purchase Price: ₱462.50 per share
Gross Purchase Amount: ₱9,250.00
Combined New Purchase
Additional Shares: 40
Gross Purchase Amount: ₱18,330.00
Gross Weighted Average Execution Price: ₱458.25 per share
After both executions:
Total MER Position: 60 shares
Exact Average Price Net: ₱488.7095 per share
Exact Capital Deployed: ₱29,322.57
Deployment Against ₱100,000 Allocation: 29.32%
Remaining Allocation Capacity: ₱70,677.43
The two transactions completed the maximum 40-share accumulation allowance established for the present event-stress phase.
Ang Dating Paniniwala
Kapag may dalawang purchases sa parehong trading day, madaling pagsamahin ang mga iyon bilang simpleng averaging down.
Parang ganito lamang:
Bumaba ang presyo, kaya bumili tayo nang dalawang beses.
Pero hindi iyon ang actual sequence.
Una, bumili tayo ng 20 shares at ₱454 habang nasa deep intraday stress ang stock.
Pagkatapos, nagsimulang umakyat ang presyo.
Only then did we purchase the remaining 20 shares at the higher price of ₱462.50.
So while both transactions belonged to one accumulation program, they did not serve exactly the same purpose.
The first tranche bought extreme weakness.
The second tranche followed the market’s initial response.
Ang Binagong Pananaw
The cleanest treatment remains:
One MH Operator Journal entry with two execution legs
Parehong stock, parehong trading session, parehong valuation thesis, at parehong bahagi ng previously approved 40-share BRS accumulation program.
But each leg deserves its own classification.
First 20 Shares at ₱454
BRS Deep Lower-Band Accumulation — Valuation-Stress Tranche
This was the aggressive entry near the intraday stress low.
Second 20 Shares at ₱462.50
BRS Early Reversion Follow-Through — Below-Band Recovery Tranche
This was purchased only after the price began recovering.
Combined Classification
BRS Lower-Band Accumulation Program — Deep-Stress Entry Followed by Early-Reversion Follow-Through
The distinction is important because the full 40 shares were not committed while the stock was still falling in one direction.
We used half the allowance during deep stress.
We used the remaining half after buyers began responding.
Paano Ito Umaandar
Transaction Leg 1: Buying the Deep Stress
The first purchase was executed at:
₱454 per share
The day’s eventual low was:
₱451.20
That placed the first transaction very close to the deepest intraday stress point.
At that moment, the chart was showing:
- price far below the lower Bollinger Band;
- deeply oversold RSI;
- sharply negative MACD;
- heavy volume;
- and broken medium- and long-term trend structure.
There was no confirmed reversal.
The first transaction therefore relied on:
- extreme lower-band displacement;
- a price below the previous ₱480 margin-of-safety reference;
- continued support from the existing valuation thesis;
- and a predefined position-size limit.
This was not a confirmation trade.
It was a controlled acceptance of uncertainty at a deeply discounted price.
Transaction Leg 2: Adding After the Initial Response
The second purchase was executed at:
₱462.50 per share
By then, the price had begun moving upward from the ₱454 area.
We paid more than the first execution price because the market had started showing an initial response to the intraday weakness.
This did not amount to full technical confirmation.
The stock remained below its lower Bollinger Band, momentum remained negative, and the larger technical structure was still damaged.
But the second execution was no longer a purchase into uninterrupted decline.
It represented:
Early participation in a possible reversion before full band re-entry
We surrendered some price advantage in exchange for a small amount of market evidence.
The August 3 Closing Chart
The final daily candle closed with the following figures:
Open: ₱474.00
High: ₱490.00
Low: ₱451.20
Close: ₱487.00
Daily Change: +₱7.00 or +1.46%
Volume: approximately 1.034 million shares
This closing chart materially improves the reading compared with the earlier intraday snapshot.
The stock recovered:
- ₱35.80 from the day’s low
- and closed only ₱3.90 below the lower Bollinger Band at approximately ₱490.90.
In percentage terms, the closing price was less than 1% below the lower band.
That means MER did not yet complete a clean Bollinger Band re-entry—but it came very close.
The candle also developed a long lower wick, showing that prices near the ₱451 area were rejected by buyers before the close.
This strengthens the interpretation of the second transaction as an early-reversion follow-through tranche.
But it does not establish that the larger decline is over.
What the Indicators Said at the Close
Bollinger Bands
Middle Band: approximately ₱565.00
Upper Band: approximately ₱639.00
Lower Band: approximately ₱490.90
Closing Price: ₱487.00
The close remained slightly below the lower band.
Reading:
Strong recovery from deep displacement, but no confirmed band re-entry yet.
RSI
The RSI closed at approximately:
24.58
This improved from the more deeply oversold intraday condition but remained below 30.
Reading:
Oversold recovery in progress, but momentum has not normalized.
MACD
The MACD remained deeply negative and below its signal line.
Reading:
Downside momentum remained dominant despite the strong intraday recovery.
Volume
Volume remained elevated at approximately 1.034 million shares.
Reading:
The rejection of lower prices occurred with meaningful participation, but elevated volume also confirms that MER remained in an abnormal event-driven trading environment.
Did the Close Confirm the Second Purchase?
The close at ₱487 does not retroactively guarantee that the second purchase was correct.
But it supports the execution logic.
The second tranche at ₱462.50 ended the session approximately:
5.30% below the closing price
The first tranche at ₱454 ended the session approximately:
7.27% below the closing price
More important than the same-day gain was the sequence.
We did not add the second 20 shares simply because the price remained cheap.
We added after seeing that the stock had begun moving away from its stress low.
The close near the lower Bollinger Band confirms that the upward response continued through the end of the session.
Valuation Context
The pre-event valuation references remained:
Indicative Fair Value: ₱600
Ordinary Buy-Below Reference: ₱510
Stronger Margin-of-Safety Reference: ₱480
Both new purchases occurred below the stronger ₱480 reference.
The first purchase at ₱454 was approximately:
24.33% below the ₱600 fair-value anchor
The second purchase at ₱462.50 was approximately:
22.92% below the same reference
The weighted average execution price of the additional 40 shares was ₱458.25.
That was approximately:
23.63% below the pre-event indicative fair value
The closing price of ₱487 moved back above the weighted average purchase price of the new 40-share block.
However, the consolidated position remained slightly below break-even because of the original higher-cost shares and transaction charges.
Position Effect at Market Close
The completed position stood at:
Position: 60 shares
Average Price Net: ₱488.7095
Total Capital Deployed: ₱29,322.57
At the ₱487 closing price:
Net Market Value: ₱29,104.58
Unrealized Difference: approximately −₱217.99
UPL: approximately −0.74%
The position therefore ended the day almost at break-even.
That was a substantial improvement from the earlier intraday condition.
The 40-share accumulation also reduced the average price from:
₱547.0260 to ₱488.7095
That is a reduction of:
₱58.3165 per share
or approximately:
10.66%
The consolidated average price now sits:
- below the ₱510 ordinary buy-below reference;
- slightly above the ₱480 stronger margin-of-safety reference;
- and very close to the August 3 closing price.
Risk and Deployment Reading
MER’s approved capital allocation remains:
₱100,000
After the completed accumulation:
Capital Deployed: ₱29,322.57
Deployment: 29.32%
Remaining Capacity: ₱70,677.43
The position has become meaningful.
It has tripled from 20 shares to 60 shares.
But more than 70% of the MER allocation remains undeployed.
This matters because the closing recovery did not remove the larger risks:
- the stock remained below its lower Bollinger Band;
- RSI remained oversold;
- MACD remained deeply negative;
- the long-term moving averages remained far above the price;
- and the event-driven valuation narrative remained unresolved.
So while the session closed constructively, it did not reopen the accumulation allowance.
Has the Current Accumulation Program Been Completed?
Yes.
The previously approved additional 40 shares have now been fully purchased.
The current position is:
60 shares at ₱488.7095 average price net
No further purchase should be treated as an automatic continuation of the same setup.
A future addition would require new evidence and a new journal authorization.
Possible evidence may include:
- a confirmed close back inside the Bollinger Band;
- follow-through above the lower band;
- formation of a higher low;
- RSI recovery from oversold territory;
- stabilization of MACD deterioration;
- or updated fundamental and valuation confirmation.
The August 3 close was encouraging.
But it was not enough to authorize another tranche by itself.
Updated BRS Reading
Price Location
The price recovered sharply but closed slightly below the lower Bollinger Band.
Reading: Lower-Band Accumulation Bias remains active.
Intraday Structure
The stock rejected the ₱451.20 low and closed at ₱487.
Reading: Strong initial downside rejection.
Momentum
RSI improved but remained oversold. MACD remained deeply negative.
Reading: Early reversion attempt without confirmed momentum reversal.
First Execution
20 shares at ₱454.
Reading: Deep-Stress Accumulation.
Second Execution
20 shares at ₱462.50 after the price began rising.
Reading: Early-Reversion Follow-Through.
Closing Confirmation
The stock closed near—but still below—the lower Bollinger Band.
Reading: The initial recovery was sustained through the close, but band re-entry remained incomplete.
Final Classification
BRS Lower-Band Accumulation Program — Deep-Stress Entry Followed by Early-Reversion Follow-Through
Mechanical Status
Accumulation program completed. Further buying requires a new setup and authorization.
Was the Execution Reasonable?
Yes.
The completed execution was reasonable because:
- the first tranche captured extreme intraday stress;
- the second tranche waited for an upward market response;
- both purchases were below the stronger margin-of-safety reference;
- the price recovered close to the lower Bollinger Band by market close;
- the 40-share accumulation stayed within the predefined maximum;
- and total deployment remained below 30% of the approved allocation.
The closing chart strengthened the transaction narrative.
But it did not eliminate the need for restraint.
The most important governance decision after the purchase was not another order.
It was stopping after the authorized 40 shares.
Pangwakas na Kaisipan
The August 3 transaction began in deep stress and ended with MER almost back inside its lower Bollinger Band.
We first bought 20 shares at ₱454 near the session’s lowest zone.
When the price began recovering, we bought another 20 shares at ₱462.50.
By market close, MER had reached ₱487—just below the lower band at approximately ₱490.90.
The result was encouraging.
But the day did not produce a full technical reversal.
It produced something earlier and less certain:
A strong rejection of the low and an initial attempt at mean reversion.
That is enough to explain the sequencing of the two purchases.
It is not enough to justify another one.
The position now stands at 60 shares with an exact average price net of ₱488.7095.
The current accumulation program is complete.
The remaining allocation stays protected while we wait for the next evidence.
Aba’y maganda ang naging sagot ng presyo bago mag-closing.
Pero sa MH 2.0, hindi porke’t sumagot na ang market ay tayo naman ang sunod-sunod na magsasalita.
We bought the stress, followed the first response, and stopped before confidence became overcommitment.
The PSE has confirmed that its Shariah screening program is currently paused, with no new lists to be released until their internal review is completed. Although news outlets reported quarterly updates up to mid-2025, these later lists are no longer accessible on the PSE website.
For now, the PSE’s Shariah-Compliant Securities page and all past lists have been removed from the public website. The December 24, 2024 list is the last official version in Micro Stock Trader’s possession, downloaded before the page was taken down, although other investors may still hold later copies such as the reported July 4, 2025 release.
All halal-focused strategies under Micro Stock Trader will use a conservative, self-screened approach until official guidance resumes, in shā’ Allāh.
This post is for educational and documentation purposes only. It is not investment advice. Perform your own due diligence and consult qualified financial professionals before making investment decisions. All strategies, frameworks, and examples described here reflect the personal methodologies of Micro Stock Trader and are not guarantees of future performance.
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