acex

ACEX, APO | 05.02.21

 

Acex Update: Followed trading plan. ATH of 23 and weak close at 18.50. Following TBGI pattern. Today I will see if it's another red candle or a so-so green candle. Will re-enter at close to 15.


Today I will try to intraday APO. Enter at P0.90, exit at P1.10. This is supposed to fly today so I'm crossing my fingers. :) 

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acex

ACEX | 04.02.21


Traded my first stock yesterday. :)

ACEX (Ace Enexor Inc.)

Bought on January 21, 2021
Average Price: P16.96
2,900 shares

*Bought this on the day 4 of the 5 stocks I held floored. I watched this stock for about 2 weeks and told J that I wanted it because it had a cute name. Aside from that I actually liked the fact that its price steadily and consistently increased without it being a popular tsupit stock. Was very happy to learn that it was an Ayala company. 


J said it was forming a Livermore pattern, and companies with similar patterns were MARC and TBGI. He said buy at P14 because that's the support (Ang tita nyo ay not following instructions).

Market price was P18.50 the morning I bought it. Went down to P17.5 during the day and I thought it was going to bounce quickly so I bought my first tranche. Put a sell order for P16.5 and went to work. Didn't realize in time that prices were falling so I didn't get to cancel my order.

Price went down to as low as P12.5 in the next two weeks. The day before I sold it, it closed at P14.5. I thought I was going to wait months to get out.

Sold on February 04, 2021
Price: P17.60
Gain: about P1,300 net of P500 fees.
(Yung P1.3K hindi mo naman kikitain sa bangko yun sa P50K for 2 weeks. - Arman)

Yesterday there was suddenly news of ACEX firming up plans with PPC in the next 6 months for oil exploration in 2022. Gapped up at P15.5 and went from P17.2 to P16.5 throughout the morning. I wanted to exit that day to free up BP for blue chips or second liners and since I thought that the catalyst was not really anything concrete. Was wary that people would sell in the following days. I also have PTSD from gaps being filled.

Set a sell order for P17.6 when market price was P16.6 just hoping to get out. Went to Starbucks and forgot all about my sell order. Then suddenly saw that the price rose to above P18 EOD. Closed at P19.30. 

Trading plan:

Re-enter near support. (because I. LIKE. THE. STOCK.) Do not chase ATH whatever happens. Test theory of another ATH within the next 2 weeks. See if it follows TBGI or BSC pattern.

Current port snap


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