DITO CME Holdings Corp. Technical Analysis
DITO CME Holdings Corp. (PSE:DITO) has regained its position between the immediate support at ₱10.84 and immediate resistance at ₱14.00 as it is priced at ₱11.22 as of the time of writing this post.
The local traders and investors are the main drivers of the price action. On the other hand, the foreign investors have registered a net foreign selling worth ₱33.60 million today.
The total turnover value is ₱1.5 billion. Let’s see by the end of today’s trading if the foreign investors will break or register their 4-day streak of net foreign buying.
DITO is still moving inside the downtrend channel insofar as the past 15 trading days are concerned.
The Evergreen Strategy 2.0 says that DITO has no confirmed buy signal yet. It’s best for those who plan to enter a new position and are new traders or investors to wait for the price to break above the immediate resistance. When that happens, DITO will have already been trading above its 10-day simple moving average, and MACD may have already crossed above the signal line then.
DITO has an extremely high sensitivity or risk level based on its 10-day historical volatility score of nearly 223 percent. Its erraticity in the past 10-trading days is no longer newbie-friendly, so to say.
Although I see a formation of a bullish convergence between the -DMI and +DMI, DITO needs to break above its immediate resistance to convert this “formation” into a “confirmation”.
While it’s obvious that there’s no pressing concern on the daily volume of DITO, I’d like to emphasize that today’s its fifth streak of having a daily volume above 100 percent of its 10-day volume average. That means there’s a significant interest to trade this name.
Dominant Range Index (Intraday) – March 12, 2021
Dominant Range Index: Bullish
Last Price: ₱11.22
Intraday Low: ₱10.7000
Intraday High: ₱11.6000
VWAP: ₱11.2892
Dominant Range: ₱11.00 – ₱11.50
Market Sentiment Index (Intraday) – March 12, 2021
Market Sentiment Index: NEUTRAL
4 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: ₱11.3011
Top 10 Players’ Selling Average: ₱11.2973
12 out of 94 participants, or 12.77% of all participants, registered a 100% BUYING activity
16 out of 94 participants, or 17.02% of all participants, registered a 100% SELLING activity
Recommendations
If you’re a risk-averse trader or investor like me who’s planning to enter a new position on DITO, I advise that you wait for a breakout above the immediate resistance at ₱14.00. By that time, my Evergreen Strategy 2.0 will have already shown a confirmed buy signal.
If you already have a position on DITO and if your trailing stop is still intact, it’s still logical to hold your position since the intraday Dominant Range Index is still bullish. The intraday Market Sentiment Index is neutral.
Are you fond of monitoring the top three brokers’ actions on DITO? Aside from COL Financial, watch out for the transactions of Timson Securities, BDO Securities, and First Metro Securities.
If you’re one of our clients at Equilyst Analytics, you may post a request for our latest analysis on DITO in our Private Clients Forum as often as you want.
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
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.
I like your style when you present and how you explain
Hello, Jaycee. First of all, thank you very much for your free email which is a big help for me. I have been in stocks for a long period of time, and I only play my guts after reading full articles about the company or searching for any good news about the company, and never have time to learn the game. I like your style when you present and how you explain. It’s very thorough and precise, even for a novice like me would easily understand.after reading I don’t go for my gut anymore ? I was hoping to avail of the discount for the whole year that you offered before and never have got a chance to submit my application. Is it still available? Anyway, thanks again.
Your hints are all straight to the point.
Thank you for all the inputs you are sharing especially with noobs like me. Your hints are all straight to the point. More power!
Thanks for those regular helpful insights.
Thanks for those regular helpful insights.
dito ka na kung hanap mo ay forum na walang troll
Sir pagamit nga nung slogan nating more wins less losses. Tama nga ba sir? Anyway, I’m here to write a testimonial for this service. For the first time, nakapagtry akong magtrade. 7 gains. 1 loss. Hindi na masama para sa isang beginner na tulad ko. Pero hindi mo magagawa yun kung wala ang Stock Signals. Baka 7 losses at 1 win ang mangyayari kung ako lang. Super excited ako sa pwede ko pang marating sa tulong ng Stock Signals. Isa pang maganda sa Stock Signals ay yung forum. Puro chart at data yung usapan. Kung naghahanap ka ng forum na walang troll at matitino ang usapan, sa Stock Signals ka na.
a breath of fresh air
In a frantic world of stock trading, I consider SS a breath of fresh air. I have been trading through COL financial for more than 3yrs and I can say that SS never fails to calm me in my hectic schedule being employed in a demanding job, being a mom of 3 and doing online stock trading too. Most of the times that I tend to be emotionally attached to my top picks SS makes me think of better things to do with them. Thanks, Jaycee and more power to you?
he interacts with his clients in the forum
As an IT professor myself, I know it would be easy for Jaycee to just throw his explanations in the actual stock market lingo. By observing how he interacts with his clients in the forum, you’ll see how he can be technical yet easy to understand all at the same time. I am not active in the forum but I read. He writes in Tagalog seldom but he will when he feels that he has to. I also noticed that he loves to elaborate his answers to make sure you understand how and why he arrived into such conclusion. The forum is only a free add-on to his Stock Signals on top of the access to his Top Stock Picks page, but for 400 bucks a month, the forum alone is more than enough. Kudos to this young man.
Its like I see you face to face with the way you explain things.
I appreciate your free newsletter. Great job sir. Its like I see you face to face with the way you explain things. Breaking it down to the smallest yet very helpful details!God bless!Ps. Hope your “gift” regarding the discounted 1-year unlimited subscription would be back.
my experience was great
I’ve been a member of Stock Signals for 3 months and my experience was great. Thanks, sir Jaycee for the knowledge you’ve shared. I learned a lot.
very informative for a newbie like me
very informative for a newbie like me. now I realize, there’s a lot more than charts that one should understand in buying a stock.
has helped me tremendously on my stock investment literacy
Been receiving tips and reading Jaycee’s articles which have helped me tremendously on my stock investment literacy. He truly simplifies investing in a manner that newbies can easily understand. I am very grateful for his work. His advocacy to teach Filipinos in the stock market is truly a blessing. I wish him success and more blessings to him and his loved ones.
- 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
