Berjaya Philippines Inc. (BCOR) broke the resistance at 2.03 today with a significant volume that’s higher than its 30-day volume average. If you are also using my MACD-10SMA combination, you would have considered entering a new position on BCOR last November 13, 2018. That was the day when the price closed above the 10SMA and the MACD crossed above the signal line.
You have to be extra cautious on BCOR, however. Why? Fast Stochastic is already traversing the classical overbought territory. Nonetheless, there’s nothing you have to worry about if you employ a trailing stop loss in your trade plan. The mid-term support sits at 1.70.
I’d like to tell you more about what I see on BCOR’s Price-Volume Distribution and Top 10 Players charts.
No, do not look for these charts on your broker’s platform. You won’t find them anywhere else but only here at Equilyst Analytics. These are my proprietary tools.
Price-Volume Distribution – November 29, 2018
VWAP: 2.268
Top 5 Prices (Biggest Trades): 2.35, 2.3, 2.4, 2.15, 2.2
Top 5 Prices (Biggest Volume): 2.3, 2.35, 2.4, 2.15, 2.2
The numbers that you see next to “Top 5 Prices (Biggest Trades)” are the five price points that got the highest number of trades.
The numbers after “Top 5 Prices (Biggest Volume)” are the price points that got the biggest volume today.
If you are one of our subscribers, I suggest you read the Quick Start Guide. I have explained how this Price-Volume Distribution chart works and how you can use it to your advantage.
Here are some reasons why I created the Price-Volume Distribution chart generator:
- It helps us identify reversals, divergences, or false breakouts.
- It shows at a glance the prices that got the biggest volume with the highest number of trades.
- It helps us see if the majority of the volume is registered near the intraday high, intraday low, or median. The price bar at the top of the chart represents the intraday high. The price bar at the bottom represents the intraday low.
- It gives us a clue if cross trades happened at a certain price.
- This chart helps us decide where we should place our buying or selling price because we can see the prices that got the biggest volume with the highest number of trades at a glance.
Top 10 Players EOD – November 29, 2018
Trading participants of BCOR with a 100% Buying and Selling Activity as of Nov-29-2018 at 03:30PM:
6 out of 58 participants or 10.34% of all participants registered a 100% BUYING activity
19 out of 58 participants or 32.76% of all participants registered a 100% SELLING activity
Top 10 Players’ Buying Average: 2.2604
Top 10 Players’ Selling Average: 2.2754
The psychological average price of the top 10 players as of Nov-29-2018 at 03:30PM is from 2.2604 to 2.2754.
Top 10 Players WTD – November 26-29, 2018
Trading participants of BCOR with a 100% Buying and Selling Activity from Nov-26-2018 to Nov-29-2018 at 03:30PM:
8 out of 68 participants or 11.76% of all participants registered a 100% BUYING activity
13 out of 68 participants or 19.12% of all participants registered a 100% SELLING activity
Top 10 Players’ Buying Average: 2.1470
Top 10 Players’ Selling Average: 2.1480
The psychological average price of the top 10 players from Nov-26-2018 to Nov-29-2018 is from 2.1470 to 2.1480.
Top 10 Players MTD – November 5-29, 2018
Trading participants of BCOR with a 100% Buying and Selling Activity from Nov-05-2018 to Nov-29-2018 at 03:30PM:
9 out of 77 participants or 11.69% of all participants registered a 100% BUYING activity
9 out of 77 participants or 11.69% of all participants registered a 100% SELLING activity
Top 10 Players’ Buying Average: 1.9089
Top 10 Players’ Selling Average: 1.9267
The psychological average price of the top 10 players from Nov-05-2018 to Nov-29-2018 is from 1.9089 to 1.9267.
Here are the reasons why I invented the Top 10 Players chart generator.
- It helps us see if the top 10 brokers of the stock are buying the dips, selling the rips, or moving sideways.
- It ranks all of the brokers who have traded the stock as of the time of checking/
- It tells us the buying and selling average of each of the top 10 players of the stock on a real-time basis.
- It tells us the psychological average price of the top 10 players of the stock.
- It tells us the buying average and selling average of each of the top 10 players.
- It tells us the cumulative buying average and cumulative selling average of the top 10 players.
I also advise that you read the Quick Start Guide and our newsletters so you can take full advantage of this chart. I have explained some strategies that demonstrate how and why you should use the Top 10 Players chart.
Recommendation
If you already have BCOR and you’re using a trailing stop loss system, then, you’re fine. Continue trading the stock until your trailing stop loss is hit.
If you already have BCOR but you don’t know what a trailing stop loss is, you need to go to YouTube or Google and search for “trailing stop loss.” You should never trade a stock without using a trailing stop loss. If you’re one of our subscribers, please read Newsletter Vol 1 No 13. I have explained in Filipino what a trailing stop loss is and how you can calculate it.
If you don’t have BCOR and you’re bullish with my assessment, I suggest you trade this stock in tranches only. it is not impossible for BCOR to go back below 2.03 next week. Hence, it’s better for you to be risk-averse.
Now, if you want to skip the difficulty having to go through research on your own, subscribing to EquiPicks is the solution. We have a working trading system already. I will tell you the price points that you can use as candidates for an entry price.
Watch this video to know why hundreds of customers have left a 5-star rating on our testimonials’ page.
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