JFC | APL | BSC: Which One Has a Buy Signal?

I need to explain this to you if you’re new to this website. I developed a proprietary strategy for stock trading and investing exclusively for the clients of Equilyst Analytics. I’m the author of “The Evergreen Strategy in Trading and Investing in the Philippine Stock Market 2.0”. In this overhauled strategy, there are six technical parameters that must get a bullish rating for a stock to get a confirmed buy signal.

All subscribers of Equilyst Analytics get an exclusive access to the course manual I wrote for this proprietary strategy. I wrote a complete guide for newbies and experienced traders and investors on how to find stocks worthy to be in your watchlist, how to look for a confirmed buy signal, how to buy logically and strategically, and how to sell with calculated risks. I also included flowcharts and screenshots aside  from the step-by-step instructions I wrote in layman’s terms. All you have to do is read with comprehension and ask in our online discussion board for clarification. The ultimate goal is for you to learn how to invest independently and trade tactically in the Philippine stock market.

In my write-up for today, June 16, 2021, I’d like to share with you if I found a confirmed buy signal for the following stocks:

1. Jollibee Foods Corporation (PSE:JFC)
2. Apollo Global Capital, Inc. (PSE:APL)
3. Basic Energy Corporation (PSE:BSC)

Before I start laying down the numbers, I want you to understand that this write-up isn’t an inclusion of our stock market consultancy service. I only write freebies like this when I feel like doing it. I also don’t guarantee that I will be able to respond to comments in this post. My focus and priority are the questions of our subscribers posted in our private discussion group on our website. It’s still best to consider subscribing to our stock market consultancy service so you can pick my brain. There’s so many pieces of the puzzle that aren’t in this write-up.

Jollibee Foods Corporation (PSE:JFC)

Parameter 1: Is its last price moving above its 10-day simple moving average (SMA)?
Answer: YES

Parameter 2: Is its moving average convergence divergence (MACD) moving above its signal line?
Answer: YES

Parameter 3: Is its last volume bar higher than 50 percent of its 10-day volume average?
Answer: YES

Parameter 4: Is its last price higher than its volume-weighted average price?
Answer: NO

Parameter 5: Is its Dominant Range Index bullish?
Answer: NO

Dominant Range Index: BEARISH
Last Price: ₱206.80
VWAP: ₱215.8707
Dominant Range: ₱206.80 – ₱211.00

Parameter 6: Is its Market Sentiment Index bullish?
Answer: YES

Market Sentiment Index: BULLISH
36 of the 71 participating brokers, or 50.70% of all participants, registered a positive Net Amount
31 of the 71 participating brokers, or 43.66% of all participants, registered a higher Buying Average than Selling Average
71 Participating Brokers’ Buying Average: ₱214.70399
71 Participating Brokers’ Selling Average: ₱218.06105
16 out of 71 participants, or 22.54% of all participants, registered a 100% BUYING activity
13 out of 71 participants, or 18.31% of all participants, registered a 100% SELLING activity

Verdict for JFC

JFC has no confirmed buy signal.

Apollo Global Capital, Inc. (PSE:APL)

Parameter 1: Is its last price moving above its 10-day simple moving average (SMA)?
Answer: YES

Parameter 2: Is its moving average convergence divergence (MACD) moving above its signal line?
Answer: YES

Parameter 3: Is its last volume bar higher than 50 percent of its 10-day volume average?
Answer: YES

Parameter 4: Is its last price higher than its volume-weighted average price?
Answer: NO

Parameter 5: Is its Dominant Range Index bullish?
Answer: NO

Dominant Range Index: BEARISH
Last Price: ₱0.19
VWAP: ₱0.1960
Dominant Range: ₱0.19 – ₱0.20

Parameter 6: Is its Market Sentiment Index bullish?
Answer: YES

Market Sentiment Index: BULLISH
38 of the 72 participating brokers, or 52.78% of all participants, registered a positive Net Amount
37 of the 72 participating brokers, or 51.39% of all participants, registered a higher Buying Average than Selling Average
72 Participating Brokers’ Buying Average: ₱0.19547
72 Participating Brokers’ Selling Average: ₱0.19617
16 out of 72 participants, or 22.22% of all participants, registered a 100% BUYING activity
9 out of 72 participants, or 12.50% of all participants, registered a 100% SELLING activity

Verdict for APL

APL has no confirmed buy signal.

Basic Energy Corporation (PSE:BSC)

Parameter 1: Is its last price moving above its 10-day simple moving average (SMA)?
Answer: YES

Parameter 2: Is its moving average convergence divergence (MACD) moving above its signal line?
Answer: YES

Parameter 3: Is its last volume bar higher than 50 percent of its 10-day volume average?
Answer: YES

Parameter 4: Is its last price higher than its volume-weighted average price?
Answer: YES

Parameter 5: Is its Dominant Range Index bullish?
Answer: YES

Dominant Range Index: BULLISH
Last Price: ₱0.88
VWAP: ₱0.8444
Dominant Range: ₱0.83 – ₱0.88

Parameter 6: Is its Market Sentiment Index bullish?
Answer: YES

Market Sentiment Index: BULLISH
29 of the 76 participating brokers, or 38.16% of all participants, registered a positive Net Amount
34 of the 76 participating brokers, or 44.74% of all participants, registered a higher Buying Average than Selling Average
76 Participating Brokers’ Buying Average: ₱0.84676
76 Participating Brokers’ Selling Average: ₱0.84742
7 out of 76 participants, or 9.21% of all participants, registered a 100% BUYING activity
24 out of 76 participants, or 31.58% of all participants, registered a 100% SELLING activity

Verdict for BSC

BSC has a confirmed buy signal.

Reminders

1. You must calculate your reward-to-risk ratio after getting a confirmed buy signal. You should only buy shares of that stock if you’re satisfied with your reward-to-risk ratio. Do not buy if you’re not happy with the ratio even if there’s a confirmed buy signal.
2. You may use my reward-to-risk ratio calculator, trailing stop calculator, and other trading calculators.
3. Keep in mind the reminders I wrote in the course manual of The Evergreen Strategy 2.0 whenever either of the Dominant Range Index or Market Sentiment Index turns bearish.
4. If you’re one of our subscribers and you have follow-up questions regarding the stocks I discussed in this write-up, please ask in our private online discussion group so I can answer you in detail. I do not guarantee a reply to comments in my free write-ups.

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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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