We would like to congratulate our featured traders of the week: Yu Niq a.k.a. @yuniq and Lone Trader a.k.a. @lonetraderph! Their efforts in helping and uplifting fellow traders are making the Investa trading community a better place for both newbies and experienced traders.
The Technician
When technical analysis comes to mind, many think of Fibonacci levels, divergences, and Elliot waves. These are all powerful tools for TA, but sometimes the simplest tools can be just as effective. Yu Niq is our technician of the week for spotting $MAC (Macroasia Corporation) with her clean style of charting. One of the strongest issues in our market, $MAC is up 72.44% since our technician spotted it.
Let’s take a closer look at how Yu Niq saw this opportunity. You can view the original post here: https://www.investagrams.com/Post/yuniq/1052889
The most noticeable part of her charting was the usage of a line chart versus a candlestick chart. Although candlesticks provide more information, line charts serve the purpose of providing a cleaner visual towards where price wants to go as only closing prices are used. In Yu Niq’s analysis, the added clarity of using a line chart shows a clearer picture of what the stock was trying to do: a shakeout.
One could say that there was a bullish divergence, but it should also be remembered that just from a simple support and resistance point-of-view, $MAC was exhibiting signs of strength when it quickly re-took its area of support. It struggled a bit, but it eventually showed that it could stay above it.
Selling could also be done just by looking at resistances as supply zones. It is clear that knowing a lot of indicators isn’t necessary, and that just mastering the basics could lead to effective results. As the saying goes, “fear not the man who has practiced ten thousand kicks once, but fear the man who has practiced one kick ten thousand times.”
Team Player
Our team player for this week, Lone Trader, is someone who has shown leadership qualities in our community. From talking about his own trading to making his own InvestaGroup “Taguig Traders”, he has done it all!
Being a part of a close trading community is a growth hack that every trader should be using. Aside from being able to learn from one another, having a proper community can lead to a group effort in making sure that each person is accountable for his or her own mistakes. Our team player for this week took the initiative and made one for fellow traders near his area. So, if you’re from Taguig, you know what to do – join his InvestaGroup here! ?
More than just making groups, Lone Trader also shares his own trading experiences. Not just by sharing executions and analyses, this team player shares his own filters as well as backtest results.
To show our gratitude to these Featured Traders of the week, we will be giving them FREE one-month InvestaPRO access. We hope that this award will encourage every Ka-Investa to be positive in the community. Happy trading!