Just like my post last night, FNI’s price is above 1.92. At around 9:55 in the morning, the current price is already at 1.97.
I made a test buy at around 10:00, good thing the price went a little bit lower at 1.96 from as high as 1.98
Why I decided to buy
- current price is above my confirmation price of 1.92
- Market is happy with the catalyst
- Huge size at 1.99 and 2.00 that serves a resistance at the time I bought it
Hamazing! The market closed with FNI at 2.02. A quick 6% gain in just a day. It appears that PHP 1.800 support line is solid. It turns out that the buyers have good sentiment with the acquisition news and produced a total of 24.9M in volume.
Quite frankly, Im not really sure kung gaano pa kataas ang maabot ni FNI so I’ll continue on monitoring this. I dont have a target price for this yet kasi nag test buy lang talaga ako so I’ll keep an eye on this tomorrow.
Is this still a good buy?