Buy Price : 1.40 (April 27 2023)
Sell Price: 1.45 ( May 5 2023)
Number of Shares: 6000
Gain/Loss: +197 or +2.34%
Catalyst: The catalyst that im using while trading this stock is still FIBONACCI (0.99 and 1.79). As you notice the chart this stock has a unique support of 1.46 which is from previous month February and March. I usually trade using FIBO on bounce back by level since the FIBO has not reached 100% only 82% from .99 to 1.79) I usually bypass levels, I only trade using also my instinct. Since the Stock has a strong support of 1.46 and the .50 lvl is 1.39 then I decided to buy at 1.40 since its a near price at level .5 where I usually rounded down when trading using FIBO (in this case 1.39 should be rounded to as 1.35 or 1.30). Today (April 27 2023) the closing price of this stock is 1.45 or 2.34% gain. My target price at least 7% gain from my buying price which is 1.52. On May 2 2023 the stock hit 1.51 but I didn't sold it and the price plunge down to 1.42 on May 4 2023 so I decided to sell my shares at 1.45 and it did sold today (May 5 2023). I'm planning to buyback shares at 1.40 again. Hope the price will be back at 1.40 so that I can buy it back if not then this trade is also not good even though I gained(obviously its too small and the duration is not cool) like my last trade on MRC.
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