Alliance Global Group Analysis: Buy on Breakout Above ₱12.00?

Alliance Global Group, Inc. (PSE:AGI) closed at ₱11.02 per share as of 03:30 PM GMT+8 on January 8, 2020. It went down by 1.61 percent.

The Total Turnover Value was ₱63,049,460.00. The local traders were the main drivers of Alliance Global Group, Inc. today.

Foreign investors registered a Net Foreign Selling worth ₱14,485,454.00. They are net sellers year-to-date.

The immediate support is near ₱10.45, while the immediate resistance is near ₱12.00.

Our 10SMACD combo is bearish.

AGI’s risk level is low due to its historical volatility score of 27.71 percent.

Trade-Volume Distribution Analysis

Last Price: ₱ 11.02
VWAP: ₱11.03768
Dominant Range: ₱11.02 – ₱11.06

The Momentum Power Indicator of Alliance Global Group, Inc. is bearish because only 2 of 4 elements are bullish.

True Market Sentiment – EOD

True Market Sentiment on AGI as of Jan-08-2020 at 03:30PM with a last price of ₱11.020
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: ₱11.0416
Top 10 Players’ Selling Average: ₱11.0353
Bonus Info:
16 out of 39 participants or 41.03% of all participants registered a 100% BUYING activity
9 out of 39 participants or 23.08% of all participants registered a 100% SELLING activity

Recommendations

Do you have Alliance Global Group, Inc. in your portfolio already?

If your trailing stop is still intact, we suggest that you hold your position for now, but do not average down yet. AGI needs to break the barriers at ₱12.00 and ₱13.30 to increase the chance of piercing a bigger resistance near ₱17.00. However, it’s going to be a totally different story if you’re holding AGI even if it’s already moving below your tolerable risk. Please respect your trailing stop.

You don’t have Alliance Global Group, Inc. yet but are you planning to enter a new position?

Don’t hurry. Be on a wait-and-see mode for now. We would say that it’s better to trade stocks that are either already in a rally or are poised to enter a rally. AGI is still moving sideways. It’s ranging. Wait for its 10SMACD and Momentum Power Indicator to become bullish before you do a test-buy.

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Jaycee De Guzman

Founder and CEO at Equilyst Analytics

Experience the expertise of Jaycee De Guzman, the brain of Equilyst Analytics, renowned for his unique data analysis. He is a computer scientist and a self-taught digital marketing strategist and agriculturist. Since Equilyst Analytics’ founding in 2012, over 10,000 local and foreign clients have consulted with Jaycee de Guzman on crypto and stock investments.

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