AbaCore Capital Holdings, Inc. (PSE:ABA) closed at ₱0.8 per share as of 03:30 PM GMT+8 on December 18, 2019. It went up by 6.67 percent.
The Total Turnover Value was ₱20,495,490.00. The local traders were the main drivers of ABA today.
Foreign investors registered a Net Foreign Buying worth ₱2,940.00. They are net buyers year-to-date.
The immediate support is near ₱0.71, while the immediate resistance is near ₱0.87.
Our 10SMACD combo is bullish.
ABA’s risk level is low due to its historical volatility score of 40.2 percent.
Trade-Volume Distribution Analysis
Last Price: ₱ 0.8
VWAP: ₱0.79002
Dominant Range: ₱0.8 – ₱0.81
The Momentum Power Indicator of ABA is bullish because all 4 of 4 elements are bullish.
True Market Sentiment – EOD
True Market Sentiment on ABA as of Dec-18-2019 at 03:30PM, with a last price of ₱0.80
True Market Sentiment: BEARISH
4 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: ₱0.7919
Top 10 Players’ Selling Average: ₱0.7961
Bonus Info:
13 out of 47 participants or 27.66% of all participants registered a 100% BUYING activity
12 out of 47 participants or 25.53% of all participants registered a 100% SELLING activity
True Market Sentiment – WTD
True Market Sentiment on ABA from Dec-16-2019 to Dec-18-2019 at 03:30PM, with a last price of ₱0.80
True Market Sentiment: BEARISH
4 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: ₱0.7826
Top 10 Players’ Selling Average: ₱0.7772
Bonus Info:
11 out of 50 participants or 22.00% of all participants registered a 100% BUYING activity
12 out of 50 participants or 24.00% of all participants registered a 100% SELLING activity
True Market Sentiment – MTD
True Market Sentiment on ABA from Dec-02-2019 to Dec-18-2019 at 03:30PM, with a last price of ₱0.80
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: ₱0.7696
Top 10 Players’ Selling Average: ₱0.7696
Bonus Info:
8 out of 56 participants or 14.29% of all participants registered a 100% BUYING activity
12 out of 56 participants or 21.43% of all participants registered a 100% SELLING activity
Recommendations
Do you have ABA in your portfolio already?
If you have waited for the buying confirmation today and entered a new position, then, congratulations! Do an upward adjustment on your trailing stop every time ABA’s prevailing price goes higher. You can use our trailing stop calculator. You may top up within the dominant range for as long as the 10SMACD and Momentum Power Indicator remain bullish.
You don’t have ABA yet but are you planning to enter a new position?
You may do a test-buy within the dominant range, which we stated above, since the 10SMACD and Momentum Power Indicator are both bullish. However, strictly monitor the movement of the price by the second since none of the True Market Sentiment charts in three various timeframes have a bullish rating. ABA has several resistance levels that it needs to break for the upward momentum to accelerate.
Don’t just be an expert when it comes to finding buy signals. Be well-prepared, as well, when laying out exit strategies.
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✅ Lesson 3: how to know the true market sentiment
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✅ Lesson 6: how to sell more logically and less emotionally
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