Thursday, September 13, 2018

Why FOOD is lifer?

This FOOD Stock has caught my attention from the beginning. From this Chart as you can see I draw the Symmetrical pattern for me to track where is the range for Breakout. Symmetrical Pattern Breakout is 1.09 while in Fibonacci Breakout is 1.07. 

At the opening the price went down to 1.00 and I bought it my reason because it crossed, it could be the Sign of Reversal. So I decided to buy more shares. 

Date of Buying: September 3, 2018. 
Buying Price: 1.00
Selling Price : 1.17
Gain Profit : 14.93 %
Reason For Buying: Crossed at the support area
Reason for Selling: Institutions selling their shares, not enough volume to reach 1.24 price for Breakout
Holding Period: 5 Trading Days

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