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.
It teaches technical analysis in the simplest way.
His methodology is quite helpful to beginners like me. It teaches technical analysis in the simplest way.
Very insighful and never without basis.
Very insighful and never without basis.
Inspiring
Inspiring
Very scientific
Very scientific
Informative and very good guide for us investors and traders
Informative and very good guide for us investors and traders
His articles are informative and practical.
His articles are informative and practical. Concise and simple to understand and helpful for investors to assess and make informed decisions.
His articles are very Helpful and very informative.
His articles are very Helpful and very informative. It provides enough details for stock traders to make an informed decision.
insightful and helpful
insightful and helpful
helps me choose what stocks are right to watch
it helps me to choose what stocks that are right to watch out for rather than choosing random
his lessons are worth it and his daily guidance is really useful for practicing the system he teaches
Let’s Be Honest, what this guy markets is true. It’s better than your usual subscription to services like Truly Rich Club(UGH). If you’re new to the market, his lessons are worth it and his daily guidance is really useful for practicing the system he teaches in combination with your own technique. I appreciate his application of making volume a serious consideration on trades.Show more
Pero I don’t believe that what he teaches will really give you and edge. It may at best, lift your feet of the ground. You need to find people with more experience in the market and techniques that can’t be found in books. The service and the lessons are up to par with the cost anyway.
- 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
