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.
admirable
Hi Sr.Your assumption and explanation regarding technical indicators of stocks are admirable which i knew all those technics to chose which stock for my intra-day investing, but what my concern is about Interring or exit in the best moment after selecting my stocks … I want to know , Can you can assist me during spotting the price for at list one month to see your skills and abilities to interring and exit..!If i will gain i will subscribe and register as your client in your site.Thank you very much
I learned a lot from you
Thank you, Sir! Whenever I have time to read, it’s your newsletter that comes first in my mind. I learned a lot from you. I’d love to receive more emails from you.
I support his Mission to impart knowledge in regards to investments.
I am John Snow
Niluto na nya, inihain na nya ang pagkain, isusubo at lulunukin mo nalang.
I support his Mission to impart knowledge in regards to investments…
Thanks as always. Your articles always amaze me.
Thanks as always. Your articles always amaze me.
I am scouting for a mentor to give me a well verse idea
I am an OFW and nearly to retire for good. I feel investing in stock market when i retire will do me a good mental exercise and financial freedom i should say. I am scouting for a mentor to give me a well verse idea in stock market and how i wish it will be this site, the Stock Signals. I am still a beginner and Stock Signals interest me a lot. I am starting to invest. Looking forward to receive your emails. Thank you very much.
Madetalye sya.
Kapag binabasa mo yung mga post ni Sir Jaycee sa forum, parang live mo syang kausap. Madetalye sya. Ramdam mong sinisugarado nyang naiintidihan mo ang sinasabi nya. Hindi sya yung tipong iispoonfeed ka nya para lang mapabilib ka nya. Didisiplinahin ka nya. Sana hindi sumakit ulo nya sa aming lahat na client nya. Hehe. ?
Very useful and informative for us investors.
Very useful and informative for us investors. Thanks and will continue to follow your email.
very clear explanations
Thank you for your patience and very clear explanations, Jaycee.
You have convinced me very well. I will be arranging my trial 3 month subsciption Serial Investor Package within this week. However, before my subscription expires, I may extend it for another 3, 6 or 12 months further depending on the result in the first 3 months.
It helps me so much.
Jaycee, thank you ever much for sharing your insights. It helps me so much. I am really grateful. Cheers!
very informative
I always read your blog Sir, Jaycee because it’s very informative.
- 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
