PCOR May 29 2023 (WIN) +1.28% or +154 Pesos

Buy Price : 4 (May 29 2023)

Sell Price:  4.10 (May 30 2023)

Number of Shares: 3000

Gain/Loss: +154 or +1.28%

Catalyst: This stock is hot right now, it has a good volume since March 6 2023 and it has been consecutively top 20 most active stock. Today May 29 2023 it has been top 5 as a most active stock in the PSE.

 The stock has gone up to 4.70 yesterday (March 28 2023) which is the 52 week high. I used FIBONACCI to trade this stock which is 2.26 as a baseline and 4.70 as an upper-line.

As you can see the chart above the 0.236 level has the price of 4.13, I want my entry with the price of near 4.13 down rounded, which means I rounded the price downward. In this case my entry level point is 4 pesos to 4.10 pesos that is the level that I want. If the price will go down to 3.9 I will cut my losses quickly and will definitely buyback again at 3.7 which is in the 0.383 level on our FIBONACCI. Today I get the entry of the closing price which is 4 pesos and has a lot of buyers. I hope I am right in this trade and my selling price is 4.3 and above.

This are the closing trade of this day (May 29 2023)

 

This are the Traded Price of today (May 29 2023)

This are the Buyers and Sellers of the stock today (May 29 2023)

Today May 30 2023 I sold my shares at 4.10 which I gain only 1.28% or 154 pesos. I stated yesterday that I will sell this share at 4.30 and above but I can sense in my instinct that this stock will  go deep down. So immediately I decided to sell it at 4.10 which behind .4 at the highest price of 4.14. I will catch it again at 3.70 which is 0.382 level of the FIBONACCI (see the chart above). I'm so happy that I sold it at 4.10 because as of now 10:44 am the price is below 3.9. I hope it will go down to 3.70 and I will Buyback shares again.