A big hand to Keizen Ph for being this week’s Featured Trader!
Trader Keizen Ph has been a valuable community member and trader on the platform as he not only shares his analysis in stocks, but he also posts daily motivational posts for the Investa community.
Keizen Ph is fond of using commonly used but very effective technical indicators namely MACD and RSI. Seems too basic to be our featured trader? One of this week’s strong stocks Double Dragon [PSE:DD] was one of Keizen Ph’s spots before it rallied up to +30%. If you were one of the lucky people who saw Keizen Ph analysis on PSE:DD, then you’ve probably got your hands on it!
According to him, PSE:DD’s price is currently sitting at it’s historical support around the PHP 7 area. MACD was slightly above 0 and he highlights that RSI must close above 50 to show a strong reversal. Guess what happens next?
PSE:DD broke out of its consolidation box in the PHP 7 area and spiked 5 trading days straight reaching PHP 9.28 (+32%) from its base, breaking EMA20, EMA50, and EMA100. If PSE:DD breaks the EMA200, this will signal a strong uptrend for the stock on both short-term and long.
Aside from looking at its technical analysis, one of the drivers of PSE:DD’s price rally is its Share Buy-Back program which is also a common fundamental indicator speculating that the company has good plans in the near future. In other words, they must be cookin’ something big for the company to buy back their own shares. Am I right?
PLAN YOUR ENTRIES
If you plan to enter this stock, warning that a pullback would be imminent at this point. I recommend you plan your entries wisely or wait for the stock to form a base for better risk management. Remember to ALWAYS stay away from GREED and FOMO as more opportunities will always come.
Keizen Ph doesn’t just share his stock analysis on the platform, but he also spreads positivity by sharing motivational lessons that community members can apply in trading and in their personal lives. If you often feel overwhelmed, give Keizen Ph a follow to get daily reminders and words of encouragement to keep you on your feet!
Once again, KUDOS to Keizen Ph for being this week’s Featured Trader! We hope you’ll enjoy your 14-day InvestaPrime Access and continue to be an inspiration to the trading community.
