Apollo Global Capital, Inc. dropped by 12.50 percent and ended at P0.28 per share on January 25, 2021. Despite a relatively sizable turnover value of P1.117 billion, the foreign investors printed a net foreign selling worth P30.70 million. Local traders and investors were today’s main drivers of the price-action.
APL is on the brink of breaking below the immediate support confluent to its closing price of P0.28. The immediate resistance is near P0.35, confluent to the 23.60 percent retracement of the Up Fibonacci.
APL is an extremely high-risk stock because of its 10-day historical volatility score of 300 percent. Even if the MACD line hovers the signal line, I see a formation of a bearish convergence of the two lines. It’s the same view on the DMI’s histogram.
Apparently, the selling-spree is not yet over because the red volume bars for the past two trading days are both sizable. Last Friday’s red volume was higher than APL’s 10-day volume average. Today’s red volume bar almost engulfed the 10-day volume average. If you’re hoping to see some signs of selling exhaustions, that’s not what you want to see on the volume’s histogram.
There’s no confirmed buy signal because both 10SMACD and Momentum Power Indicator are bearish.
Trade-Volume Distribution Analysis
Last Price: ₱0.28
Intraday Low: ₱0.2800
Intraday High: ₱0.3450
VWAP: ₱0.3107
Dominant Range: ₱0.28 – ₱0.28
APL couldn’t get a bullish Momentum Power Indicator because its last price is lower than its VWAP. Plus, the dominant price is the intraday low itself. The next dominant range is between P0.31 and P0.315.
True Market Sentiment EOD – January 25, 2021
True Market Sentiment: NEUTRAL
5 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: ₱0.3103
Top 10 Players’ Selling Average: ₱0.3129
26 out of 86 participants, or 30.23% of all participants, registered a 100% BUYING activity
2 out of 86 participants, or 2.33% of all participants, registered a 100% SELLING activity
It’s quite hard to speculate that APL can sustain its position above the immediate support at P0.28 just because today’s True Market Sentiment is neutral. Wealth Securities has sold quite a lot today. In fact, it’s the biggest seller among the top 10 players of APL today.
It is prudent to stay in a wait-and-see mode and witness if the 30 percent of today’s participants (brokers) who registered a 100 percent buying activity can help APL stay at or above P0.28.
Recommendations
Suppose you don’t have APL yet. If that’s your case, I don’t recommend doing a test-buy yet. You are better off waiting for the price to break above the 10SMA and re-check if both 10SMACD and Momentum Power Indicator are already bullish when that happens. Once they’re both bullish, you’ll have to calculate your reward-to-risk ratio. If you’re satisfied with the RRR, that’s when you’ll do a test-buy within the prevailing dominant range.
Now, if you already have a position on APL and if your trailing stop is intact, I recommend reducing the percentage of risk on your trailing stop. Don’t just hold your position. Don’t top up yet, too. The downtrend is more likely to continue unless the prevailing True Market Sentiment becomes bullish or both 10SMACD and Momentum Power Indicator become bullish.
Did you find my analysis helpful? Please give it a thumbs up and share it. Thank you.
Let Me Mentor You So You’ll Learn How to Invest INDEPENDENTLY and Trade TACTICALLY
You will learn how to analyze stocks on your own (like I do). You will learn how to confidently and systematically execute trading and investment plans.
Click here to read the details of our stock market consultancy service.
Here’s what our clients say about us.
those who are reading your stock reviews are lucky in many diff ways
Hi Jaycee, I like the way you do stock picks and review. Your tools are amazing too, As an engineer, I valued accuracy and precision. I guess those who are reading your stock reviews are lucky in many diff ways.
I will expect to learn from you and hopefully become a better trader.
Hi Jaycee, I am a newbie here but whenever I will see your post in Instagrams… I always read it although its only partial. I will expect to learn from you and hopefully become a better trader.
You support well with both technical and fundamental analyses
I appreciate your analysis especially because it incorporates insights on the behavior of both local and foreign investment firms towards listed companies. You support well with both technical and fundamental analyses and insights and help provide justification for movements in such a way that you are promoting critical thinking while protecting investors and traders from falling into traps, especially those new to stocks. I especially like your emphasis on the importance of trade volume as a critical aspect of trading/investing considerations.
It's all worth every cent and more!
I’m very impressed with Jaycee De Guzman and his entire Stock Signals. Each time I open a thread in the forum, there’s always something new that I learn. I know some are hesitant to subscribe because the subscription fee is not as cheap as the others, but you should give it a try. It’s all worth every cent and more!
brilliant for producing this product with OFWs like me in mind
The Stock Signals Phillippines team is brilliant for producing this product with OFWs like me in mind. Although I want to, it’s almost impossible for me to attend seminars in person. When I go back to the Philippines for a short vacation, I’d want to spend it with my family. Again, thanks to the Stock Signals Philippines for this Online Stock Market Courses. Now, I can equip myself with the knowledge I need wherever I am in the world.
it helps me a lot and I learned much
Thank you very much for the emails I received it helps me a lot and I learned much. Hope you continue to send us advice.
Thanks for this analytic tool
Thanks for this analytic tool that will help us thru this difficult undertaking but rewarding business.
Great help
Great help to folks like me who want to learn!
big help in my decision making
Your inputs on the market have been a big help in my decision making. Keep them coming. Thanks
I find your newsletter very informative
I find your newsletter very informative. Keep up the good works.
- 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
