DITO regained its position above the 10-day SMA last Friday, with a little bit of help from the foreign investors’ net buying status even though it’s an insignificant amount relative to last Friday’s total turnover value worth nearly P534 million. Local traders and investors were the main drivers.
The immediate support is near P10.00, while the immediate resistance is pegged near P14.00.
DITO still lacks a confirmed buy signal due to its bearish 10SMACD combo and bearish Momentum Power Indicator.
While the DMI histogram’s classical interpretation shows that the upward momentum remains strong, that bullish sentiment only favors those who already have a base on DITO. For those who are yet to enter a new position on DITO, it’s not yet the rightful time to keep your hopes up too high. After all, DITO registers a high risk profile due to its 10-day historical volatility score of 82 percent.
If the foreign investors will register a net foreign buying above P50 million per day for three consecutive days, that might help the price draw closer to the immediate resistance.
If you’re fond of piggy-backing certain brokers (aside from COL Financial), here are the brokers that should monitor as far as the price-action on DITO is concerned:
- First Metro Securities
- BDO Securities
- BPI Securities
- Timson
The bulls are not getting any help from the overall True Market Sentiment across three timeframes yet. If Timson and BDO Securities will continue to buy back the DITO shares they’ve sold month-to-date, we might start to see a “bullish” rating at least on the True Market Sentiment for EOD.
Those who don’t have DITO are better off staying on the wait-and-see mode, especially if you’re a relatively new trader/investor. Those who already have a base on DITO and whose trailing stop remains intact, it’s either you hold your position or reduce the percentage of risk on your trailing stop. You may use my trailing stop calculator (LIBRARY-> TOOLS -> TRAILING STOP CALCULATOR).
My insights are predicated by these statistics below:
Trade-Volume Distribution
Last Price: ₱12.30
Intraday Low: ₱12.10
Intraday High: ₱12.88
VWAP: ₱12.4215
Dominant Range: ₱12.30 – ₱12.40
True Market Sentiment EOD (January 22, 2021)
True Market Sentiment: BEARISH
3 of the top 10 brokers registered a positive Net Amount
4 of the top 10 brokers registered a higher Buying Average than Selling Average
Top 10 Players’ Buying Average: ₱12.4166
Top 10 Players’ Selling Average: ₱12.4456
13 out of 91 participants, or 14.29% of all participants, registered a 100% BUYING activity
23 out of 91 participants, or 25.27% of all participants, registered a 100% SELLING activity
True Market Sentiment WTD (January 18-22, 2021)
True Market Sentiment: NEUTRAL
7 of the top 10 brokers registered a positive Net Amount
4 of the top 10 brokers registered a higher Buying Average than Selling Average
Top 10 Players’ Buying Average: ₱11.6007
Top 10 Players’ Selling Average: ₱11.6337
11 out of 108 participants, or 10.19% of all participants, registered a 100% BUYING activity
4 out of 108 participants, or 3.70% of all participants, registered a 100% SELLING activity
True Market Sentiment MTD (January 4-22, 2021)
True Market Sentiment: BEARISH
4 of the top 10 brokers registered a positive Net Amount
3 of the top 10 brokers registered a higher Buying Average than Selling Average
Top 10 Players’ Buying Average: ₱12.2446
Top 10 Players’ Selling Average: ₱12.2783
6 out of 113 participants, or 5.31% of all participants, registered a 100% BUYING activity
2 out of 113 participants or 1.77% of all participants registered a 100% SELLING activity
OVERALL TRUE MARKET SENTIMENT (across 3 timeframes): BEARISH
Let Me Mentor You So You’ll Learn How to Invest INDEPENDENTLY and Trade TACTICALLY
You will learn how to analyze stocks on your own (like I do). You will learn how to confidently and systematically execute trading and investment plans.
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
