East West Banking Corporation (PSE:EW) is priced at ₱13.38 per share as of 03:30 PM GMT+8 on November 11, 2019. It is up by 3.88 percent.
The Total Turnover Value is at ₱39,306,728.00. The local traders are the main drivers of EW today.
Foreign investors registered a Net Foreign Buying worth ₱23,096,708.00. They are net sellers year-to-date.
The immediate support is near ₱11.30, while the immediate resistance is near ₱13.60.
My 10SMACD combo is bullish.
EW’s risk level is low due to its historical volatility score of 28.72 percent.
Trade-Volume Distribution Analysis
Last Price: ₱ 13.38
VWAP: ₱13.19682
DominantRange: ₱13.2 – ₱13.38
The Momentum Power Indicator of EW is bullish because all 4 of 4 elements are bullish.
The ascent in price is more than likely to continue since both 10SMACD and Momentum Power Indicator are both bullish.
True Market Sentiment – EOD
True Market Sentiment on EW as of Nov-11-2019 at 03:30PM, with a last price of ₱13.380
True Market Sentiment: BEARISH
4 of the top 10 brokers registered a positive Net Amount
4 of the top 10 brokers registered a higher Buying Average than Selling Average
Top 10 Players’ Buying Average: ₱13.1438
Top 10 Players’ Selling Average: ₱13.1909
Bonus Info:
7 out of 40 participants or 17.50% of all participants registered a 100% BUYING activity
18 out of 40 participants or 45.00% of all participants registered a 100% SELLING activity
True Market Sentiment – MTD
True Market Sentiment on EW from Nov-04-2019 to Nov-11-2019 at 03:30PM, with a last price of ₱13.380
True Market Sentiment: NEUTRAL
5 of the top 10 brokers registered a positive Net Amount
5 of the top 10 brokers registered a higher Buying Average than Selling Average
Top 10 Players’ Buying Average: ₱12.9838
Top 10 Players’ Selling Average: ₱13.0083
Bonus Info:
12 out of 63 participants or 19.05% of all participants registered a 100% BUYING activity
20 out of 63 participants or 31.75% of all participants registered a 100% SELLING activity
Recommendations
This is what you call riding the bulls. Our Evergreen Strategy gives us a confirmed buy signal on EW. As long as the uptrend is more than likely to continue, what you need to do is to adjust your trailing stop when the price goes higher. Use my Trailing Stop Calculator. It’s on this website: Resources>Tools. You may top up within the dominant range.
If you don’t have EW but you’d like to enter a new position, it’s better for you to wait for a pullback or a breakout so you’ll have a more attractive reward-to-risk ratio. You can use my Reward-to-Risk Ratio calculator. It’s in the same location where you’ll find my Trailing Stop Calculator. I coded it in such a way that i’ll interpret the results for you. Once you are satisfied with your reward-to-risk ratio, that’s when you should do a test-buy within the dominant range. Remember that today’s True Market Sentiment is bearish. That could be because the price is already drawing closer to the immediate resistance. Most traders are already eavesdropping with each other’s moves.
Try our stock market subscription service so we can guide you further. You will receive a daily video for short-term trading. You will access our investment guide for long-term investing, which we update four times a day. You will be able to ask for our analysis and recommendation in our forum. You will have an access to our Study Room where you can test your knowledge and earn a 20% commission when someone subscribes through your affiliate links. You will also be able to open an online stockbroker’s account with First Metro Securities for free. Plus, you’ll have a 2-month free access to FirstMetroSec PRO, the most advanced online stock trading platform in the Philippines.
Also, we highly recommend that you watch our online stock market course called The Evergreen Strategy in Trading and Investing in the Philippine Stock Market. You will know how to find the stocks that you should add in your watchlist, how to check if the current trend is more than likely to continue, how to know the true market sentiment, how to identify a confirmed buy signal, how to identify the best price range to trade, and how to sell more logically and less emotionally.
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