Boulevard Holdings Technical Analysis
Boulevard Holdings, Inc. (PSE:BHI) is the only stock with an above-zero Day Change among the top 30 traded stocks as of closing on March 15, 2021. BHI closed today at ₱0.085, up by 14.86 percent, with a total turnover value of ₱164 million.
Foreign investors do not have significant participation in trading BHI. Today, they printed a net foreign selling worth ₱4 million. When I am filling in my watchlist, it’s a bonus criterion if the stock is heavily traded by foreign investors, too. Yes, I’ll also teach you how to select stocks for your watchlist in the pre-recorded video of my Evergreen Strategy 2.0 when you subscribe to Equilyst Analytics’ stock market consultancy service. The ₱5,000.00 discount is extended until March 19, 2021.
BHI’s immediate support is near ₱0.0725, and the immediate resistance is near ₱0.093. If and when it breaks above the resistance, I’ll be plotting an Up Fibonacci to identify its psychological resistance. I do not want to stretch my daily chart to the extreme left to find a historical resistance.
BHI has been registering impressive daily volumes this March 2021. Why did I say that? I see lots of daily volumes that are above 100 percent of BHI’s 10-day volume average on those days. An impressive volume supports today’s price hike.
Also, MACD continues to show a bullish divergence from the signal line. That’s a sign of a strong upward momentum as far as the MACD’s histogram is concerned. The DMI’s histogram seconds the motion.
On the other hand, the 10-day historical volatility of BHI suggests that this stock already has an extremely high sensitivity level due to the engulfing candlesticks it registered, particularly this March 2021. This means that the erraticity or price fluctuation of BHI is not suitable for beginners at this moment.
Dominant Range Index
Dominant Range Index: Bullish
Last Price: ₱0.085
Intraday Low: ₱0.0760
Intraday High: ₱0.0930
VWAP: ₱0.0841
Dominant Range: ₱0.08 – ₱0.09
Market Sentiment Index EOD – March 15, 2021
Market Sentiment Index: 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: ₱0.0842
Top 10 Players’ Selling Average: ₱0.0842
3 out of 61 participants, or 4.92% of all participants, registered a 100% BUYING activity
10 out of 61 participants, or 16.39% of all participants, registered a 100% SELLING activity
Market Sentiment Index MTD – March 1-15, 2021
Market Sentiment Index: NEUTRAL
5 of the top 10 brokers registered a positive Net Amount
7 of the top 10 brokers registered a higher Buying Average than Selling Average
Top 10 Players’ Buying Average: ₱0.0777
Top 10 Players’ Selling Average: ₱0.0787
0 out of 89 participants, or 0.00% of all participants, registered a 100% BUYING activity
11 out of 89 participants, or 12.36% of all participants, registered a 100% SELLING activity
Recommendations
BHI has a confirmed buy signal because it passed all 5 critical questions when looking for a confirmed buy signal using my Evergreen Strategy 2.0. However, I’d give this confirmed buy signal for those who already have a position on BHI and not for those who are yet to do a test-buy.
Why?
It’s because the average Market Sentiment Index of the two timeframes is neutral. It’s a fair warning of looming profit-taking near the historical resistance. Besides, the last price is already past the median of immediate support and resistance. The reward-to-risk ratio is no longer attractive enough at this moment insofar as the last price, immediate support, and resistance are concerned.
If your trailing stop remains intact, you may top up within the dominant range if you’re a high-risk trader or investor. Otherwise, hold your position.
If you’re yet to enter a new position, consider your reward-to-risk ratio and this stock’s sensitivity level. The extremely high sensitivity level of BHI makes its price action a lot less predictable.
You can use my trading calculators. You’ll find them in the TOOLS tab of the LIBRARY page of Equilyst Analytics’ website.
Learn How to Invest INDEPENDENTLY and Trade TACTICALLY in the Philippine Stock Market
Let me mentor you through our stock market consultancy service. Learn my Evergreen Strategy in Trading and Investing in the Philippine Stock Market.
Click here to read the details of our stock market consultancy service.
Here’s what our clients say about us.
the explanation was quite understandable for newbies who are in the process of learning how to trade
I think the explanation was quite understandable for newbies who are in the process of learning how to trade. The usual mention of technical terms and jargons can be useful on what newbies have to study about.
precise and on point
precise and on point
He has good analysis posted on his page.
He has good analysis posted on his page. I love it. something I agree sometimes i speculate.
I think Mr. Jaycee is very generous
I think Mr. Jaycee is very generous
he is very different because he offers a different way of approach
Mr. Jaycee is the most leading person in stock market in Ph. I saw a lot of people but he is very different because he offers a different way of approach
Amazing discussion and judgement
Amazing discussion and judgement
Unique, understandable, strategic, forward looking
Unique, understandable, strategic, forward looking
His analyses are well-thought and well-researched.
His analyses are well-thought and well-researched. This is why his opinions on stocks are worth considering for either trading or investing.
very insightful, and gives so much value
very insightful, and gives so much value. thank you
my vehicle in learning a strategy
As a newbie, I see a potential for making Equilyst Analytics my vehicle in learning a strategy in trading and investing in the stock market.
- 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
