Asiabest Group International Analysis: Trade the Range?

Asiabest Group International, Inc. (PSE:ABG) closed at ₱11.2 per share as of 03:30 PM GMT+8 on January 15, 2020. It went up by 5.25 percent.

The Total Turnover Value was ₱322,386.00. The local traders were the main drivers of Asiabest Group International, Inc. today.

There’s zero participation from the foreign investors year-to-date.

The immediate support is near ₱10.00, while the immediate resistance is near ₱12.00.

Our 10SMACD combo is bullish.

ABG’s risk level is high due to its historical volatility score of 78.55 percent.

Trade-Volume Distribution Analysis

Last Price: ₱ 11.2
VWAP: ₱11.63848
Dominant Range: ₱11.2 – ₱11.64

The Momentum Power Indicator of Asiabest Group International, Inc. is bearish.

True Market Sentiment – EOD

True Market Sentiment on ABG as of Jan-15-2020 at 03:30PM with a last price of ₱11.20
True Market Sentiment: BEARISH
3 of the top 10 brokers registered a positive Net Amount
0 of the top 10 brokers registered a higher Buying Average than Selling Average
Top 10 Players’ Buying Average: ₱11.6790
Top 10 Players’ Selling Average: ₱11.7219
Bonus Info:
0 out of 6 participants or 0.00% of all participants registered a 100% BUYING activity
1 out of 6 participants or 16.67% of all participants registered a 100% SELLING activity

Recommendations

Do you have Asiabest Group International, Inc. in your portfolio already?

We recommend that you reduce the risk percentage of your trailing stop. Use this trailing stop calculator. Do not average down. ABG needs a green volume bar that is preferably higher than the 100 percent of ABG’s 10-day volume average to break above ₱12.00 with a sustainable ascent.

You don’t have Asiabest Group International, Inc. yet but are you planning to enter a new position?

Do not do a test-buy yet. The price might just re-test the support near ₱10.00. Wait for the 10SMACD and Momentum Power Indicator to become bullish before you compute your reward-to-risk ratio for a test-buy.

Are you a subscriber of Equilyst Analytics? You may request our latest technical analysis of ABG in our Private Clients Forum when you see a significant change in its price or volume.

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Jaycee De Guzman

Founder and CEO at Equilyst Analytics

Experience the expertise of Jaycee De Guzman, the brain of Equilyst Analytics, renowned for his unique data analysis. He is a computer scientist and a self-taught digital marketing strategist and agriculturist. Since Equilyst Analytics’ founding in 2012, over 10,000 local and foreign clients have consulted with Jaycee de Guzman on crypto and stock investments.

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