AbaCore Capital Holdings, Inc. (PSE:ABA) is priced at ₱0.82 per share as of 03:30 PM GMT+8 on November 8, 2019. The last price remains unchanged from the previous trading day’s closing price.
The Total Turnover Value is at ₱6,821,450.00. The local traders are the main drivers of ABA today.
Foreign investors registered a Net Foreign Selling worth ₱1,296,190.00. They are net buyers year-to-date.
The immediate support is near ₱0.80, while the immediate resistance is near ₱0.97.
My 10SMACD combo is bearish.
ABA’s risk level is low due to its historical volatility score of 39 percent.
Trade-Volume Distribution Analysis
Last Price: ₱ 0.82
VWAP: ₱0.82775
DominantRange: ₱0.82 – ₱0.83
The Momentum Power Indicator of ABA is bearish because all 4 elements are bearish.
It’s more than likely for the price to either move sideways or go down because the 10SMACD and the Momentum Power Indicator are not yet both bullish.
True Market Sentiment – EOD
True Market Sentiment on ABA as of Nov-08-2019 at 03:30PM, with a last price of ₱0.820
True Market Sentiment: NEUTRAL
6 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: ₱0.8279
Top 10 Players’ Selling Average: ₱0.8282
Bonus Info:
9 out of 23 participants or 39.13% of all participants registered a 100% BUYING activity
4 out of 23 participants or 17.39% of all participants registered a 100% SELLING activity
True Market Sentiment – WTD
True Market Sentiment on ABA from Nov-04-2019 to Nov-08-2019 at 03:30PM, with a last price of ₱0.820
True Market Sentiment: NEUTRAL
6 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: ₱0.8312
Top 10 Players’ Selling Average: ₱0.8319
Bonus Info:
6 out of 36 participants or 16.67% of all participants registered a 100% BUYING activity
9 out of 36 participants or 25.00% of all participants registered a 100% SELLING activity
Recommendations
If you’re still holding your position on ABA, I hope you’re doing that because your trailing stop has not been hit yet. If that is your case, it’s best that you reduce the percentage of risk applied in your trailing stop before trading starts on Monday. You can use my Trailing Stop Calculator. It’s on our website: Resources>Tools. Like what I mentioned above, it’s more than likely for the downtrend in price to continue since the 10SMACD and Momentum Power Indicator are both bearish. Moreover, I don’t see a sign that the majority of the top 10 brokers are attracted to buy the dips. The end-of-day and week-to-date True Market Sentiments are both neutral.
If you don’t have a position on ABA, it’s best that you postpone all plans of entering a new position until the 10SMACD and Momentum Power Indicator become bullish. Once both indicators become bullish, calculate your reward-to-risk ratio so you will know if you have bigger potential reward than your potential risk. You can use my Reward-to-Risk Ratio Calculator on our website: Resources>Tools.
Mind you, when the +DMI and -DMI don’t seem to separate and when the ADX has been below 25 points for over 30 trading days, that means the absence of a sign of reversal. It’s a confirmed sideways movement.
Personal Disclosure: I don’t like stocks that are in a range. I only trade stocks that are either poised to enter a rally or are already in a rally.
Regardless whether you already have a position on this stock or you’re yet to enter a new position, it’s best that you ask for our latest analysis and recommendation in our Private Clients Forum so we can tell you if the technical buy indicators are still intact. Also, this enables us to tell you the newest dominant range of the stock so you can buy strategically. If you’re a subscriber of Equilyst Analytics, you have an access to our Private Clients Forum.
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