Apollo Global Capital Technical Analysis
Since March 2021, Apollo Global Capital (APL) has been moving sideways between the immediate support at ₱0.163 and the immediate resistance at ₱0.237. Finally, on May 7, 2021, it closed at ₱0.189, down by 1.05 percent with a total turnover value of nearly P15 million. The size of the foreign investors’ participation is negligible or very insignificant, so I’m not going to mention their figures.
In this write-up, I’ll help you identify if there’s a confirmed buy signal for APL by using my Evergreen Strategy 2.0.
Firstly, APL’s last price is below its 10-day simple moving average (SMA), which is bearish.
Secondly, its Moving Average Convergence Divergence (MACD) moves below the signal line, which is bearish, too.
Thirdly, the last price of ₱0.189 is lower than DFNN’s volume-weighted average price (VWAP) of ₱0.1897, which is bearish again.
Fourthly, the last volume bar is lower than 50 percent of APL’s 10-day volume average. But, again, that’s in favor of the bears.
Fifthly, the Dominant Range Index (DRI) of APL is bullish. Even so, the first four parameters are all bearish. So, there’s no chance for APL to get a confirmed buy signal following the parameters set in my Evergreen Strategy 2.0. But that’s as of Friday’s data only. Let’s see on Monday. Of course, sentiment is subject to change when data change.
Lastly, the Market Sentiment Index is bullish. I have the same comments like the one I wrote for the fifth parameter.
Dominant Range Index
Dominant Range Index: Bullish
Last Price: ₱0.189
Intraday Low: ₱0.1880
Intraday High: ₱0.1920
VWAP: ₱0.190
Dominant Range: ₱0.189 – ₱0.191
Market Sentiment Index
Market Sentiment Index: BULLISH
21 of the 36 participating brokers, or 58.33% of all participants, registered a positive Net Amount
19 of the 36 participating brokers, or 52.78% of all participants, registered a higher Buying Average than Selling Average
36 Participating Brokers’ Buying Average: ₱0.18983
36 Participating Brokers’ Selling Average: ₱0.18955
13 out of 36 participants, or 36.11% of all participants, registered a 100% BUYING activity
7 out of 36 participants, or 19.44% of all participants, registered a 100% SELLING activity
Synthesis
My Evergreen Strategy 2.0 does not issue a confirmed buy signal for Apollo Global Capital (APL) as of the end of trading on May 7, 2021, Friday.
If you already have a position on APL, check if your trailing stop is still intact. If it’s intact, you have a logical reason to hold your position. I don’t see the need to reduce the percentage of risk on your trailing stop yet because its EOD Dominant Range Index and Market Sentiment Index are both bullish. However, do not top up because there’s no confirmed buy signal. Don’t waste your buying power.
If you plan to enter a new position, it’s best to wait for my Evergreen Strategy 2.0 to raise a confirmed buy signal for APL. But by the looks of it, even if APL will get a confirmed buy signal once it breaks above the 10-SMA, that’ll be closer to the immediate resistance than the immediate support already. This is because I’m concerned about your reward-to-risk ratio by that time. Anyway, the acceptance of the reward-to-risk ratio is always subjective, so it’s up to you. You’ll understand my perspective once you’re done studying the course manual of my Evergreen Strategy in Trading and Investing in the Philippine Stock Market 2.0.
The manual – complete with screenshots, step-by-step instructions, and charts – is exclusively available for all clients of Equilyst Analytics.
Learn How to Invest INDEPENDENTLY and Trade TACTICALLY in the Philippine Stock Market
Let me mentor you through our stock market consultancy service. Learn my Evergreen Strategy in Trading and Investing in the Philippine Stock Market 2.0.
Click here to read the details of our stock market consultancy service.
Here’s what our clients say about us.
it helps me review my portfolio
I love the little bits and info that I receive every now and then. It helps me review my portfolio and renew my perspectives when the need arises.
most relevant and direct
Of all the email I received daily regarding stock market performance, I find yours the most relevant and direct. As a newbie, it really helps a lot. I have been reading your previous post and it’s indeed a light in the midst of all the confusion. Keep up the good work. May God bless you and your team.
very helpful!
very helpful!
Thank you for your technical analysis
Hi Jaycee, Thank you for your technical analysis and articles which enables both investors and traders to be well informed when making their investments.
Very helpful and time saver!
Very helpful and time saver!
Continue what you have been doing
These types of free tips are what we, Filipinos need! These types of reviews are what will make people encouraged to invest in the stock market. Continue what you have been doing and everyone else will be encouraged with the help of your stock tips. Thank you so much!
Two thumbs up for a really impressive output
Dear Jaycee and to your team,
Congratulations for a job well done in creating the new stocksignals website. Two thumbs up for a really impressive output. It is really very impressive and looks like very user friendly especially for a new investor like me. I would be very happy to recommend it to friends too. May your tribes increase. God bless you more.
full of significant content to keep you interested
Jay’s emails are an awesome way to learn and read about what is happening in the market. They are not so long that you tend to doze off but still full of significant content to keep you interested.
very interesting & convincing
I find your posts very interesting & convincing as a stock trader/investor. I might try to ask your help one of these days since my portfolio is all RED. Thank you.
Very professional insight
Very professional insight especially for trending stocks. Thanks for the heads up Sir.
- MA, BDO, ALI, URC, PX: Is Their Dominant Range Pointing to a Breakout? - March 14, 2025
- Tracking Market Sentiment: MTD Ratings for 30 Bluechip Stocks (March 2025) - March 13, 2025
- PSEi Stalls Below 6,260 as Market Awaits Political Shift - March 12, 2025
