Saturday, September 15, 2018

You are MAH-gnificent!

MAH stock is one of my favorite stock even low volume. It gives me profit few days ago specially this stock was lifted from suspension last May 28, 2018. 

From the Chart below 1 hour time frame I noticed that the RSI raging into 24 to 28 and Dragon Fly spotted psychologically thinking maybe it will change from it's downtrend it could be the possible reversal. 

EMA and MA indicator crossed a sign for me to do my test buy. I bought some shares at 1.66 pesos and sold half of my position at 1.75 pesos. I left some shares because of some reason for me to stay like breaking out of RSI 30 candidate for SOR ( sign of reversal).

Date of Buying: September 14, 2018. 
Buying Price: 1.66
Selling Price : 1.75
Gain Profit : 4.17%
Reason For Buying: For quick play
Reason for Selling: Lock in profit. 
Holding Period: 1 Trading Day

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