Basic Energy Corporation Technical Analysis
BSC has been trading the range between the support and resistance at ₱0.68 and ₱1.00, respectively, for quite a while already. You must be scratching your head now even if nothing’s itchy if you’re a short-term trader who needs to make a living trading BSC for a week. Why? It’s because it’s been moving sideways between the range I mentioned for nearly three months already.
Let’s get to the bottom of this. Does BSC have a confirmed buy signal based on my Evergreen Strategy 2.0? First, let’s check the six parameters below.
Parameter 1: Is its last price moving above its 10-day simple moving average (SMA)?
Answer: Yes
Parameter 2: Is its moving average convergence divergence (MACD) moving above its signal line?
Answer: Yes
Parameter 3: Is its last price higher than its volume-weighted average price?
Answer: No
Parameter 4: Is its last volume bar higher than 50 percent of its 10-day volume average?
Answer: No
Parameter 5: Is its Dominant Range Index bullish?
Answer: No
Dominant Range Index: BEARISH
Last Price: ₱0.81
VWAP: ₱0.8140
Dominant Range: ₱0.81 – ₱0.82
Parameter 6: Is its Market Sentiment Index bullish?
Answer: Yes
Market Sentiment Index: BULLISH
13 of the 21 participating brokers, or 61.90% of all participants, registered a positive Net Amount
10 of the 21 participating brokers, or 47.62% of all participants, registered a higher Buying Average than Selling Average
21 Participating Brokers’ Buying Average: ₱0.81193
21 Participating Brokers’ Selling Average: ₱0.81605
4 out of 21 participants, or 19.05% of all participants, registered a 100% BUYING activity
5 out of 21 participants, or 23.81% of all participants, registered a 100% SELLING activity
Synthesis
BSC has no confirmed buy signal based on my Evergreen Strategy 2.0, a proprietary methodology in stock trading and investing.
But what should you do if you already have it? Assuming your trailing stop is intact, you have the option to hold your position since its Market Sentiment Index is still bullish as of Friday’s closing.
Did you already review the course manual of my Evergreen Strategy 2.0? If yes, you should already know by now when you should consider reducing your risk percentage on your trailing stop.
Feel free to request BSC’s Dominant Range Index and Market Sentiment Index in our online discussion board on our website so you can complete your own analysis, like I do, on your own. In addition, there’s a flowchart in the course manual of my Evergreen Strategy 2.0. It’s a complete roadmap from stock selection for your watchlist to buying to selling.
BSC is in a distribution cycle because there’s a relatively high volume since the daily volume is higher than 50 percent of BSC’s 10-day volume average each day. This stock is likely to continue moving sideways with a bearish bias.
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 2.0.
Click here to read the details of our stock market consultancy service.
Here’s what our clients say about us.
Money's worth is clear as well as the direction and gravity of the guidance extended.
it is used in a manner as to solicit yet help, yes you subscribe but it is only for an understandable reason which would partly be Sustainability. Money’s worth is clear as well as the direction and gravity of the guidance extended
I seem to understand he has a Systematic Way of Doing Trading which I believe he could share and is currently sharing
Mr. De Guzman and his experience speaks a lot about how he shows sample of what he meant by Systematic way of Trading. The basis by which forecast and guidance are made are duly substantiated not just by theory but by numbers and graphs
His Evergreen strategy. Based on data not feelings.
His Evergreen strategy. Based on data not feelings.Good value. I’m a member.
simple and clear to understand
simple and clear to understand..
ok for everyone busy for there jobs..
Mr de Guzman way of TA, is very formula based
Mr de Guzman way of TA, is very formula based… data is gathered and computed, then compared to pre set parameters. Each parameter will determine course of action or no action.
The subscription gives us daily 10 short term reports and all 30 blue chips stock reports, according to equilyst formula. While sometimes I find the 10 stock picks short, we can always ask for info on particular stock we are looking at.
Comprehensive and informative
Comprehensive and informative
Straight to the point
Straight to the point…
the best way of analyzing the stock market
Is the best way of analyzing the stock market
One of the best mentor.He wants to produce quality trader.
See video Market Charting Episode 19.The indicators are very helpful,i use it when screening stocks.Indeed just like the losses was unlikely to happen with this kind of chart tools.I always recommend Equilyst Analytics whenever in my fb group are looking for mentors.
it’s easy to understand how he explain the analysis
For me it’s easy to understand how he explain the analysis. And just wanna learn and study more since i’m new to trade stock market
He backs it up with good reasoning
He backs it up with good reasoning
- 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
