Cosco Capital, Inc. (PSE:COSCO) closed at ₱6.7 per share as of 03:30 PM GMT+8 on December 13, 2019. It went down by 3.04 percent.
The Total Turnover Value was ₱25,032,225.00. The foreign traders were the main drivers of COSCO today.
Foreign investors registered a Net Foreign Selling worth ₱3,918,486.00. They are net sellers year-to-date, but their participation is insignificant.
The immediate support is near ₱6.39, while the immediate resistance is near ₱7.19.
My 10SMACD combo is bearish.
COSCO’s risk level is low due to its historical volatility score of 34.75 percent.
Trade-Volume Distribution Analysis
Last Price: ₱ 6.7
VWAP: ₱6.70656
Dominant Range: ₱6.7 – ₱6.71
The Momentum Power Indicator of COSCO is bearish because all 4 elements are bearish.
True Market Sentiment – EOD
True Market Sentiment on COSCO as of Dec-13-2019 at 03:30PM, with a last price of ₱6.70
True Market Sentiment: NEUTRAL
7 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: ₱6.7067
Top 10 Players’ Selling Average: ₱6.7151
Bonus Info:
13 out of 25 participants or 52.00% of all participants registered a 100% BUYING activity
5 out of 25 participants or 20.00% of all participants registered a 100% SELLING activity
True Market Sentiment – WTD
True Market Sentiment on COSCO from Dec-09-2019 to Dec-13-2019 at 03:30PM, with a last price of ₱06.70
True Market Sentiment: NEUTRAL
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
Top 10 Players’ Buying Average: ₱6.7813
Top 10 Players’ Selling Average: ₱6.7690
Bonus Info:
14 out of 30 participants or 46.67% of all participants registered a 100% BUYING activity
5 out of 30 participants or 16.67% of all participants registered a 100% SELLING activity
True Market Sentiment – MTD
True Market Sentiment on COSCO from Dec-02-2019 to Dec-13-2019 at 03:30PM, with a last price of ₱06.70
True Market Sentiment: BULLISH
6 of the top 10 brokers registered a positive Net Amount
6 of the top 10 brokers registered a higher Buying Average than Selling Average
Top 10 Players’ Buying Average: ₱6.8454
Top 10 Players’ Selling Average: ₱6.8335
Bonus Info:
9 out of 36 participants or 25.00% of all participants registered a 100% BUYING activity
8 out of 36 participants or 22.22% of all participants registered a 100% SELLING activity
Recommendations
Do you have COSCO in your portfolio already?
If your trailing stop is still intact, I advise that you reduce the percentage of risk on your trailing stop. COSCO got a tall, red candlestick that’s above the 100 percent of its 10-day volume average. Today’s traders saw something that was worthy to be sold. Do not top up.
You don’t have COSCO yet but are you planning to enter a new position?
Now is not the right time to buy. The 10SMACD and the Momentum Power Indicator are both bearish. I don’t see a formation of a bullish convergence between the +DMI and the -DMI. Even though the True Market Sentiment for month-to-date is bullish, SB Equities and UBS Securities are already on the brink of being a net seller. The downtrend is still more than likely to continue.
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