KPPI Technical Analysis
Kepwealth Property Phils. (KPPI) is trading at 10.80 per share, up by 32.52 percent, as of 12 noon of August 20, 2019. Local traders are the main players of Kepwealth. Foreign investors have registered a Net Foreign Selling worth P261,950.00 only as of recess. KPPI’s total turnover value is at P299,060,566.00 as of recess.
Just like in my technical analysis for Kepwealth yesterday, I am going to use the 3-minute intraday chart to identify the intraday support and resistance levels of this stock.
The intraday support is at 9.90 while the intraday resistance is at 11.20. I have adjusted the psychological resistance of KPPI from yesterday’s 9.90 since it broke above that price point already. With the adjustment of the swing high of my Up Fibonacci, the psychological resistance is now at 14.30, which is in confluence with the 61.8 percent extension of the Up Fibonacci.
I’m not going to comment about the MACD, RSI, Historical Volatility, DMI, and ADX since I don’t find it applicable at this point that KPPI has only been trading for 2 days.
With that said, I’m going to consider my 10SMACD combo to be automatically valid at this point.
For my Momentum Power Indicator, I will also make an exemption since of the criteria is not applicable due to the absence of the required number of historical data. Therefore, even if 3 of the 4 parameters of my Momentum Power Indicator are present, I will already consider the Momentum Power Indicator as bullish. But let’s check what I see on the Trade-Volume Distribution chart of Kepwealth first to see if the dominant range is closer to the intraday high than the intraday low.
Trade-Volume Distribution
Last Price: 10.80
VWAP: 9.975668501
Most Traded: 9.1 – 10.5
Most Voluminous: 9 – 10.5
The dominant range of KPPI is between 10.20 and 10.80. That’s closer to the intraday high than the intraday low. So I will consider my Momentum Power Indicator as bullish, indeed.
The upward trend is still more likely to continue for as long as the dominant range maintains its position closer to the intraday high than the intraday low.
True Market Sentiment
True Market Sentiment of KPPI as of Aug-20-2019 at 12:00PM, with a last price of 10.800.
8 of the top 10 brokers registered a positive Net Amount
4 of the top 10 brokers registered a higher Buying Average than Selling Average
True Market Sentiment: NEUTRAL
Top 10 Players’ Buying Average: 10.0034
Top 10 Players’ Selling Average: 9.9721
Bonus Info:
4 out of 77 participants or 5.19% of all participants registered a 100% BUYING activity
23 out of 77 participants or 29.87% of all participants registered a 100% SELLING activity
I see so many day-traders locking in their profits within the day. How did I know? I already said something about this in my technical analysis of KPPI for August 19, 2019. You can read that freemium report here.
Full Disclosure: It’s the exact same thing I’m doing on IPO stocks. At least, now you know how I trade IPO stocks within the first 1 to 2 weeks. I already wrote the overview of what I exactly do in yesterday’s technical analysis of KPPI. Please read that article if you missed that yesterday.
Recommendations
If you are holding on your KPPI and your trailing stop loss has not been hit yet, you have data-driven reasons to top up within the dominant range. It’s up to you if you just want to hold your position. Just make sure you do an upward adjustment on your trailing stop loss just like how I taught you in Lesson # 6 of The Evergreen Strategy in Trading the Philippine Stock Market seminar.
If you don’t have KPPI, please make sure you calculate your reward-to-risk ratio first. That’s in Lesson # 6 of The Evergreen Strategy in Trading the Philippine Stock Market seminar also. Please review your handouts. Even if the Momentum Power Indicator is bullish, you should only enter a new position (test-buy) if you are satisfied with your reward-to-risk ratio with respect to the distance of the current price to its immediate support and resistance levels.
My overall sentiment is bullish on Kepwealth Property Phils. (KPPI).
Please brush up on these 6 lessons I taught you during this whole-day seminar.
Lesson 1: how to identify the best stocks to trade
Lesson 2: how to check if the current trend is more likely to continue
Lesson 3: how to know the true market sentiment
Lesson 4: how to identify a confirmed buy signal
Lesson 5: how to identify the best price range to trade
Lesson 6: how to sell more logically and less emotionally
Below is my schedule for this seminar.
Get your ticket while the early bird rate is up this week.
- Makati – September 28, 2019
- Davao – October 26, 2019
- Cavite – November 23, 2019
- Baguio – January 25, 2020
- Pampanga – February 29, 2020
- Cebu – March 28, 2020
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