Technical Analysis
Travellers Int’l. Hotel Group, Inc. (RWM) closed on August 1, 2019, Thursday, at 5.48, same closing price as the previous trading day. RWM is down by 0.54 percent WTD but up by 3.20 percent YTD.
Foreign investors registered a Net Foreign Selling worth P22.3 million today. The foreign fundies are net sellers YTD.
Support is near 5.36 while the resistance is near 5.54. RWM must break above this range with a volume that’s preferably above the stock’s 10-day volume average so that it’ll be less likely for it to go back to this range.
Today’s towering volume was transacted by Aurora Securities as it registered a total turnover value of P2.6 billion on RWM for today only.
My 10SMACD combo remains invalid. While today’s volume is relatively huge, RWM just maintained its sideways price action.
RSI is still playing inside the neutral level.
The risk level of RWM, based on its historical volatility of 13 percent, remains low. Know that having a low risk level does not equate to an automatic buy signal.
I emphasize and explain this thoroughly in every The Evergreen Strategy in Trading the Philippine Stock Market seminar. I suggest that you attend this seminar if you’d like to advance your skills in trading through my proprietary methods in technical analysis. You won’t find the majority of my methods on Google.
The DMI and ADX combination shows that RWM remains in the neutral level. The lack of appetite to trade RWM at a significantly higher price is evident on the downward-sloping +DMI.
Trade-Volume Distribution
Last Price: 5.48
VWAP: 5.479997431
Most Traded: 5.48 – 5.48
Most Voluminous: 5.48 – 5.48
The dominant range of RWM is between 5.48 and 5.49. Even though this range is closer to the intraday high than the intraday low, my proprietary Momentum Power Indicator remains bearish on this issue. Not all of the 4 criteria of my MPI are present. For me, RWM is still more likely to continue to move sideways as far as today’s data is concerned.
True Market Sentiment
True Market Sentiment of RWM as of Aug-01-2019 at 03:30PM, with a last price of 5.4800.
6 of the top 10 brokers registered a positive Net Amount
5 of the top 10 brokers registered a higher Buying Average than Selling Average
True Market Sentiment: NEUTRAL
Top 10 Players’ Buying Average: 5.4824
Top 10 Players’ Selling Average: 5.4733
Bonus Info:
5 out of 12 participants or 41.67% of all participants registered a 100% BUYING activity
4 out of 12 participants or 33.33% of all participants registered a 100% SELLING activity
This neutral True Market Sentiment complements my neutral assessment based on the status of my Momentum Power Indicator.
Recommendations
Did you enter a new position on RWM in the third week of June 2019 because you saw that the 10SMACD combo became valid and my Momentum Power Indicator became bullish during that week?
If your answer is affirmative, I suggest that you hold your position and do not top up yet IF, and ONLY IF, the current price of RWM is moving above your trailing stop loss.
Sell if your trailing stop loss has already been hit.
Now, if you’re only planning to test-buy RWM and you don’t have it yet, I suggest that you wait for the last price to move above the 10SMA, the MACD to move above the signal line, and for the 4 criteria of my Momentum Power Indicator to become present before you consider doing a test-buy. When all those things happen, make sure that you calculate your reward-to-risk ratio before you push the buy button. When you buy, don’t buy at any price but within the dominant range at that very moment.
Regardless whether you already have RWM in your portfolio or not, I strongly advise that you request for this stock’s latest Trade-Volume Distribution and True Market Sentiment charts in our Private Clients Forum once it registers a price that is higher or lower than its dominant range.
I look forward to seeing you in one of my The Evergreen Strategy in Trading the Philippine Stock Market seminar in Baguio, Pampanga, Makati, Cebu, Davao, Iloilo, Cavite, and other places in the Philippines so I can teach you my complete blueprint in trading and investing. This way, you can appreciate all the more the “freemium” stuff I publish every day.
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