Basic Energy Corporation Analysis: Buy Below or Above ₱0.2250?

Basic Energy Corporation (PSE:BSC) closed at ₱0.24 per share as of 03:30 PM GMT+8 on January 29, 2020. It went down by 1.23 percent.

The Total Turnover Value was ₱3,493,990.00. The local traders were the main drivers of Basic Energy Corporation today.

Foreign investors registered a Net Foreign Selling worth ₱9,000.00. They are net sellers year-to-date, but their participation is insignificant.

The immediate support is near ₱0.2250, while the immediate resistance is near ₱0.2700.

Our 10SMACD combo is bullish.

BSC’s risk level is low due to its historical volatility score of 33.38 percent.

Trade-Volume Distribution Analysis

Last Price: ₱ 0.24
VWAP: ₱0.24382
Dominant Range: ₱0.234 – ₱0.24

The Momentum Power Indicator of Basic Energy Corporation is bearish.

True Market Sentiment – EOD

True Market Sentiment on BSC as of Jan-29-2020 at 03:30PM with a last price of ₱0.240
True Market Sentiment: BULLISH
6 of the top 10 brokers registered a positive Net Amount
6 of the top 10 brokers registered a higher Buying Average than Selling Average
Top 10 Players’ Buying Average: ₱0.2425
Top 10 Players’ Selling Average: ₱0.2429
Bonus Info:
6 out of 23 participants or 26.09% of all participants registered a 100% BUYING activity
6 out of 23 participants or 26.09% of all participants registered a 100% SELLING activity

Recommendations

Do you have Basic Energy Corporation in your portfolio already?

Assuming your trailing stop is still intact, we recommend that you reduce the percentage of risk on your trailing stop since the last volume bar is red and it’s higher than the 100 percent of BSC’s 10-day volume average. Don’t average down.

You don’t have Basic Energy Corporation yet but are you planning to enter a new position?

Do not enter on a new position yet. Its downtrend might just continue.

Are you a subscriber of Equilyst Analytics? You may request our latest technical analysis of BSC 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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