COL Financial Group, Inc. (COL) registered its longest red candlestick since it broke above the resistance at ₱21.35. As of the market close on August 24, 2020, it dove by 6.49 percent at ₱20.90 per share. Its total turnover value worth ₱45,105.00 is not a sizable amount, however.
COL Financial is not an apple to the foreign investors’ eye, so we won’t talk about foreign investors’ trades on this stock. The immediate support is at ₱20.40 as a precursor to ₱19.20, while the immediate resistance is near ₱21.35.
It’s interesting to find out if COL will register a de javu of what happened in the last one to two weeks of July 2020. If you still remember, COL also registered a long and red candlestick on July 17, 2020 before it broke above the resistance at ₱21.35. They also both broke below their immediate support levels when they registered a long and red candlestick.
The MACD line continues to register a bearish divergence with the signal line. The -DMI and +DMI also continue their growing bearish divergence.
COL Financial is poised to register a high-risk level based on its historical volatility score near 70 percent.
COL Financial must register a green volume bar that’s at least higher than the 50 percent of its 10-day volume average to regain its position above the resistance at ₱21.35.
Trade-Volume Distribution Analysis
Last Price: ₱20.90
VWAP: ₱21.49
Dominant Range: ₱20.80 – ₱22.35
Even if the dominant range is closer to the intraday high than intraday low, the last price of ₱20.90 is lower than COL Financial’s volume-weighted average price (VWAP) of ₱21.49. That makes my Momentum Power Indicator for COL bearish. There’s no confirmed buy signal when either my 10SMACD or Momentum Power Indicator is bearish.
True Market Sentiment – EOD (August 24, 2020)
True Market Sentiment: BEARISH
2 of the top 10 brokers registered a positive Net Amount
2 of the top 10 brokers registered a higher Buying Average than Selling Average
Top 10 Players’ Buying Average: ₱21.1088
Top 10 Players’ Selling Average: ₱21.2955
Bonus Info:
1 out of 4 participants or 25.00% of all participants registered a 100% BUYING activity
2 out of 4 participants or 50.00% of all participants registered a 100% SELLING activity
True Market Sentiment – MTD (August 3-24, 2020)
True Market Sentiment: BEARISH
3 of the top 10 brokers registered a positive Net Amount
2 of the top 10 brokers registered a higher Buying Average than Selling Average
Top 10 Players’ Buying Average: ₱21.4121
Top 10 Players’ Selling Average: ₱22.0270
Bonus Info:
2 out of 15 participants or 13.33% of all participants registered a 100% BUYING activity
5 out of 15 participants or 33.33% of all participants registered a 100% SELLING activity
Both EOD and MTD True Market Sentiments show an “anemic” stance on COL Financial.
Recommendations
If your trailing stop is still intact, it’s either you hold your position or reduce the percentage of risk on your trailing stop. How do you know which move is for you? Hold your position if you’re a high-risk investor. Reduce the percentage of risk on your trailing stop if you’re a beginner and a low-risk investor. You’re welcome to use my trailing stop calculator. Find it in the TOOLS tab of our online stock market library.
If you’re not using a trailing stop, you better start learning about it. Go to our online stock market library, use the search area, and search for “trailing stop”. Read the trailing stop-related articles you’ll find.
Related Articles:
Bakit Kailangang Gumamit ng Trailing Stop-Loss at Paano ang Computation Nito?
4 Reasons Why You Must STOP Using a Buy Below Price and a Target Selling Price
If you want me to personally give you a 360-degree explanation of my strategy involving the use of a trailing stop, you need to watch the lesson # 6 of our online stock market course at Equilyst Analytics. However, I don’t recommend watching the lessons in a non-sequential order. Access to our online stock market course is one of the six services you’ll get when you subscribe to our stock market consultancy service.
If you don’t have COL Financial in your portfolio yet, it’s logical to postpone all plans of doing a test-buy until its 10SMACD and Momentum Power Indicator become bullish. It would help if you calculated your reward-to-risk ratio first once both indicators become bullish. Do a test-buy within the dominant range if you’re happy with the ratio. You can ask for our latest trade-volume distribution analysis of COL Financial in our Private Clients Forum if you’re one of our clients.
Do You Want to Learn How to Analyze This Way?
You may already know SMAs, MACD, DMI, VWAP, support, and resistance, but maybe you’re wondering what 10SMACD, Momentum Power Indicator, and True Market Sentiment are. You’ll learn my entire methodology through the online stock market course of Equilyst Analytics. Access to the online stock market course is just one of the six services you’ll get when you subscribe to our stock market consultancy service. Read the details of our stock market consultancy service so you’ll know how I can make you learn how to invest independently and trade tactically.
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