First Phil. Holdings Corp. Analysis: Buy Now or Wait for a Breakout Above ₱69?

First Phil. Holdings Corp. (PSE:FPH) closed at ₱67.00 per share as of 03:30 PM GMT+8 on February 11, 2020. It went up by 0.2994 percent.

The Total Turnover Value was ₱1,841,948.00. The local traders were the main drivers of First Phil. Holdings Corp. today.

Foreign investors registered a Net Foreign Buying worth ₱414,813.00. They are net sellers year-to-date, but their participation is insignificant.

The immediate support is near ₱65.70, while the immediate resistance is near ₱69.00.

Our 10SMACD combo is bullish.

FPH’s risk level is low due to its historical volatility score of 2.48 percent.

Trade-Volume Distribution Analysis

Last Price: ₱ 67
VWAP: ₱66.85837
Dominant Range: ₱66.9 – ₱67

The Momentum Power Indicator of First Phil. Holdings Corp. is bearish.

True Market Sentiment – EOD

True Market Sentiment on FPH as of Feb-11-2020 at 3:30PM with a last price of ₱67.00
True Market Sentiment: BEARISH
3 of the top 10 brokers registered a positive Net Amount
3 of the top 10 brokers registered a higher Buying Average than Selling Average
Top 10 Players’ Buying Average: ₱66.8906
Top 10 Players’ Selling Average: ₱66.9180
Bonus Info:
3 out of 12 participants or 25.00% of all participants registered a 100% BUYING activity
8 out of 12 participants or 66.67% of all participants registered a 100% SELLING activity

Recommendations

Do you have First Phil. Holdings Corp. in your portfolio already?

There’s no buy signal confirmation for FPH yet. Since the last volume bar is red, you may want to pre-empt your trailing stop or reduce the percentage of risk on your trailing stop, at least.

You don’t have First Phil. Holdings Corp. yet but are you planning to do a test-buy?

There’s no buy signal confirmation for FPH yet. Wait for both 10SMACD and Momentum Power Indicator to become bullish before you entertain the idea of doing a test-buy on FPH.

Watch our online stock market course, The Evergreen Strategy in Trading and Investing in the Philippine Stock Market, to know how to spot confirmed buy signals on any stock.

Also, you can post a request for our latest analysis and recommendation on any stock in our Private Clients Forum if you’ve subscribed to our stock market subscription service.

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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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