Manila Mining Corporation "B" Analysis: June 10, 2020

Manila Mining Corporation “B” (PSE:MAB) closed at ₱0.007 per share as of 01:00 PM GMT+8 on June 10, 2020. The last price remains unchanged from the previous trading day’s closing price.

The Total Turnover Value was ₱88,000.00. The local traders were the main drivers of Manila Mining Corporation “B” today.

The immediate support is near ₱0.006, while the immediate resistance is near ₱0.01.

Our 10SMACD combo is bearish.

MAB’s risk level is moderate due to its historical volatility score of 54.53 percent.

Trade-Volume Distribution

Last Price: ₱ 0.007
VWAP: ₱0.00733
Dominant Range: ₱0.007 – ₱0.008

The Momentum Power Indicator of Manila Mining Corporation “B” is bearish.

True Market Sentiment

True Market Sentiment on MAB as of Jun-10-2020 at 01:00PM with a last price of ₱0.007
True Market Sentiment: BEARISH
2 of the top 10 brokers registered a positive Net Amount
2 of the top 10 brokers registered a higher Buying Average than Selling Average
Top 10 Players’ Buying Average: ₱0.0072
Top 10 Players’ Selling Average: ₱0.0073
Bonus Info:
2 out of 4 participants or 50.00% of all participants registered a 100% BUYING activity
1 out of 4 participants or 25.00% of all participants registered a 100% SELLING activity

Recommendations

Do you have Manila Mining Corporation “B” in your portfolio already?

There’s no buy signal confirmation for MAB yet. Since the last volume bar is red, you may want to pre-empt your trailing stop or reduce the percentage of risk on your trailing stop, at least.

You don’t have Manila Mining Corporation “B” yet but are you planning to do a test-buy?

There’s no buy signal confirmation for MAB yet. Wait for both 10SMACD and Momentum Power Indicator to become bullish before you entertain the idea of doing a test-buy on MAB.

Please use a trailing stop instead of a fixed stop loss. No matter how bullish or bearish the data-driven forecast is, the price may still move to the opposite direction. Preserve your capital, protect your gains, and prevent unbearable losses with the use of a trailing stop. You may use our trailing stop calculator from our stock market library.

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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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