Manila Bulletin Publishing Corp. Analysis: June 4, 2020

Manila Bulletin Publishing Corp. (PSE:MB) closed at ₱0.375 per share as of 01:00 PM GMT+8 on June 4, 2020. It went up by 4.17 percent.

The Total Turnover Value was ₱186,450.00. The local traders were the main drivers of Manila Bulletin Publishing Corp. today.

Foreign investors registered a ₱0.00 Net Foreign today. Foreign fundies are 0 year-to-date.

The immediate support is near ₱0.305, while the immediate resistance is near ₱0.5065.

Our 10SMACD combo is bullish.

MB’s risk level is low due to its historical volatility score of 46.3 percent.

Trade-Volume Distribution

Last Price: ₱ 0.375
VWAP: ₱0.3729
Dominant Range: ₱0.375 – ₱0.375

The Momentum Power Indicator of Manila Bulletin Publishing Corp. is bullish.

True Market Sentiment

True Market Sentiment on MB as of Jun-04-2020 at 08:21PM with a last price of ₱0.375
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: ₱0.3720
Top 10 Players’ Selling Average: ₱0.3742
Bonus Info:
4 out of 7 participants or 57.14% of all participants registered a 100% BUYING activity
1 out of 7 participants or 14.29% of all participants registered a 100% SELLING activity

Recommendations

Do you have Manila Bulletin Publishing Corp. in your portfolio already?

You may top up since the 10SMACD and the Momentum Power Indicator of MB are both bullish. Please remember to do a manual upward adjustment on your trailing stop every time MB registers a higher prevailing price.

You don’t have Manila Bulletin Publishing Corp. yet but are you planning to do a test-buy?

There is a buy signal confirmation for MB already, but make sure that you calculate your reward-to-risk ratio first. If you’re satisfied with your reward-to-risk ratio, that’s when you should position within the dominant range. Don’t buy at any random price under the ASK column. Remember to do an upward adjustment on your trailing stop when the stock registers a higher price.

Please use a trailing stop instead of a fixed stop loss. No matter how bullish or bearish the data-driven forecast is, the price may still move to the opposite direction. Preserve your capital, protect your gains, and prevent unbearable losses with the use of a trailing stop. You may use our trailing stop calculator from our stock market library.

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Author
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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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