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.
Thank you for sharing your insights and knowledge
Thank you for sharing your insights and knowledge. Highly appreciated!!! Very useful in stock investing and trading.
keep it up share the blessings of our LORD
Good morning, i just read it now. Deposit will be made before lunch. More power jaycee and God bless, c
thank you for sharing your insights with us!
Its been almost 3 years since I subscribed to Jaycee’s blog, I find his blogs to be very useful in stock investing and trading. Keep up the great work sir Jaycee! and thank you for sharing your insights with us!
More power to you and to your company, Sir.
Hi Sir Jaycee,
Thank you so much for sending me emails every day. I really appreciate it, Sir. May the Lord bless you, Sir, not only financial but also good health sir. I am hoping someday I can enroll in one of your training sessions.
More power to you and to your company, Sir.
good insights
Thank you, JC for your good insights..more power and keep up the good work.
It helps me a lot in my trading.
Thank you for sharing your knowledge. It helps me a lot in my trading.
I learned a lot from all your analysis
I learned a lot from all your analysis but since I’m a newbie in stock trading please advise reading materials for our reference. Thanks! You’re great!
hindi nakakalito
Maganda ang pagtuturo. Organized ang stock recos para sa mga trader at investor. Hindi magulo. Nakahiwalay ang para sa trader at yung para sa investor. Hindi ka malilito.
very informative
I find your emails very informative. Keep posting them. Many thanks.
very comprehensive, informative, easy to understand, reliable and an article worth receiving every day
It’s been 2+ years when I first started with the stock market. At first, I joined FB groups, liked FB Pages, subscribed to Stock Guru’s newsletters/analysis and many many more just to learn the jargons, FA, TA, etc. Back then, I’ve been receiving tons of emails every day which helped me in my Stock Market Journey. But what called my attention the most is Sir Jaycee’s Analysis. It’s very comprehensive, informative, easy to understand, reliable and an article worth receiving every day. Indeed an absolutely superb Analysis! Please continue to inspire, guide and impart the knowledge you have to us. We really appreciate it. May God BLESS you a thousand folds.
- 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