Contents:
- Introduction
- Stock Price Details
- Hybrid 10-Step Trading Strategy Review
- Final Stock Price Assessment
- Next Steps
Introduction
This stock price review examines MacroAsia Corporation (MAC) as of January 24, 2025, using the daily chart. Our Hybrid 10-Step Trading Strategy is applied to determine whether MAC is a buy, sell, or hold by assessing market structure, trend positioning, and risk management.
Date of Review
📅 January 24, 2025
Stock Price Overview
- Stock Name & Ticker: MacroAsia Corporation (MAC)
- Timeframe: Daily Chart
- Market Trend: Attempting a Downtrend Reversal
- Price Position: Trading between the 20-day MA (5.45) and 200-day MA (5.31)
- Significant Support & Resistance Levels:
- Support Levels: 4.96 (0% Pullback), 5.31 (200-MA Support)
- Resistance Levels: 6.33 (50% Bullish Reversal), 7.01 (75% Bullish Reversal), 7.69 (100% Pullback)
MAC recently found support near the 200-day MA, bouncing +4.94% to close at 5.52, suggesting early buying interest. However, strong resistance is at 6.33, making it a critical level to watch.
MAC Stock Price Review – Buy or Sell Decision Using the Hybrid 10-Step Strategy
Stock Price Details
- Stock Name & Ticker: MacroAsia Corporation (MAC)
- Timeframe: Daily Chart
- Market Trend: Recovering from a downtrend, but still below key resistance.
- Price Position:
- Currently trading at 5.52 (+4.94%)
- Above the 200-day MA (5.31) but struggling to break past the 20-day MA (5.45).
- Significant Support & Resistance Levels:
- Support: 4.96 (0% Pullback), 5.31 (200-MA)
- Resistance:
- 6.33 (50% Bullish Reversal – Key Breakout Level)
- 7.01 (75% Bullish Reversal – Strong Resistance)
- 7.69 (100% Pullback – Full Recovery Level)
MAC’s price action suggests accumulation near support, but it must clear the 6.33 resistance zone to confirm a strong reversal.
Hybrid 10-Step Trading Strategy Review
Step 1: Market Trend Classification
📌 MAC has been in a strong downtrend but is now attempting a recovery.
- Lower highs and lower lows were dominant from November to early January.
- Price is now consolidating near the 200-MA, a potential reversal zone.
Step 2: Price Position & Retracement Zones
- Currently trading between the 20-MA (5.45) and 200-MA (5.31).
- Key Retracement Levels:
- 6.33 (50% Bullish Reversal) – Major resistance.
- 7.01 (75% Bullish Reversal) – Strong overhead supply zone.
- 4.96 (0% Pullback) – Breakdown risk if price fails to hold.
Step 3: Power Bars, Breakout Signals & Volume Confirmation
- Strong green candlestick (+4.94%) with volume of 3.4M, above the 9-day average.
- Indicates buyer interest, but still below the key resistance zone.
Step 4: Entry Confirmation Based on Technical Signals
- A confirmed buy signal occurs if price closes above 6.33.
- Breakout traders should wait for price to reclaim this level before entering.
Step 5: Stop-Loss Positioning & Risk Management
- Stop-loss below 5.31 (200-MA) or 4.96 (0% Pullback level).
- Risk-reward improves above 6.33 with a target at 7.69.
Step 6: Color Change Signals for Additional Confirmation
- MAC has printed a strong green candle after a choppy range.
- A follow-through day above 5.60 is needed for confirmation.
Step 7: Profit-Taking Strategies
- Partial profits can be taken at 6.33 if the rally continues.
- Final targets at 7.01 and 7.69 for trend reversal confirmation.
Step 8: Potential Re-Entry Zones
- A pullback to 5.31 with volume support is a low-risk re-entry.
- Breakout re-entry above 6.33 signals further upside potential.
Step 9: Tactical Position Adjustments
- A failure to hold 5.31 may lead to a retest of 4.96.
- A breakout above 6.33 opens the path to 7.01.
Step 10: Counter-Trend Trading Considerations
- Bearish traders may short at 6.33 if a rejection occurs.
- Bullish traders should wait for a confirmation above 6.33.
Final Stock Price Assessment
📌 MAC is showing early signs of a reversal but needs confirmation above 6.33.
📌 Holding above the 20-MA (5.45) is key for bullish continuation.
📌 Volume today suggests growing interest, but resistance remains strong.
Buy, Sell, or Hold Decision?
✅ BUY if price closes above 6.33, confirming the breakout.
⚠️ HOLD if price consolidates between 5.31 and 6.33 without a strong move.
❌ SELL/EXIT if price falls below 5.31, as downside risk increases.
Next Steps
📊 Key factors to monitor:
- MAC must close above 6.33 for a full bullish breakout.
- Watch volume—continued high buying volume strengthens the reversal case.
- Stop-loss should be set below 5.31 or at 4.96 to protect against downside risk.
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
