Globe Telecom Analysis: Top Up or Wait Some More?

Globe Telecom (PSE:GLO) closed at ₱2,006.00 per share as of 03:30 PM GMT+8 on February 11, 2020. It went up by 1.01 percent.

The Total Turnover Value was ₱42,390,495.00. The foreign traders were the main drivers of Globe Telecom today.

Foreign investors registered a Net Foreign Buying worth ₱5,606,330.00. They are net buyers year-to-date.

The immediate support is near ₱1,770.00, while the immediate resistance is near ₱2,100.00.

Our 10SMACD combo is bullish.

GLO’s risk level is low due to its historical volatility score of 28.31 percent.

Trade-Volume Distribution Analysis

Last Price: ₱ 2006
VWAP: ₱1996.7261
Dominant Range: ₱1993 – ₱2006

The Momentum Power Indicator of Globe Telecom is bullish.

True Market Sentiment – EOD

True Market Sentiment on GLO as of Feb-11-2020 at 3:30PM with a last price of ₱2006.00
True Market Sentiment: NEUTRAL
5 of the top 10 brokers registered a positive Net Amount
5 of the top 10 brokers registered a higher Buying Average than Selling Average
Top 10 Players’ Buying Average: ₱1997.5208
Top 10 Players’ Selling Average: ₱1998.2722
Bonus Info:
8 out of 25 participants or 32.00% of all participants registered a 100% BUYING activity
7 out of 25 participants or 28.00% of all participants registered a 100% SELLING activity

Recommendations

Do you have Globe Telecom in your portfolio already?

You may top up since the 10SMACD and the Momentum Power Indicator of GLO are both bullish. Please remember to do a manual upward adjustment on your trailing stop every time GLO registers a higher prevailing price.

You don’t have Globe Telecom yet but are you planning to do a test-buy?

There is a buy signal confirmation for GLO already, but make sure that you calculate your reward-to-risk ratio first. If you’re satisfied with your reward-to-risk ratio, that’s when you should position within the dominant range. Don’t buy at any random price under the ASK column. Remember to do an upward adjustment on your trailing stop when the stock registers a higher price.

Watch our online stock market course, The Evergreen Strategy in Trading and Investing in the Philippine Stock Market, to know how to spot confirmed buy signals on any stock.

Also, you can post a request for our latest analysis and recommendation on any stock in our Private Clients Forum if you’ve subscribed to our stock market subscription service.

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Jaycee De Guzman

Founder and CEO at Equilyst Analytics

Experience the expertise of Jaycee De Guzman, the brain of Equilyst Analytics, renowned for his unique data analysis. He is a computer scientist and a self-taught digital marketing strategist and agriculturist. Since Equilyst Analytics’ founding in 2012, over 10,000 local and foreign clients have consulted with Jaycee de Guzman on crypto and stock investments.

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