Nickel Asia Corporation (PSE:NIKL) is priced at ₱3.4 per share as of 03:30 PM GMT+8 on November 25, 2019. It is up by 3.03 percent.
The Total Turnover Value is at ₱30,981,030.00. The foreign traders are the main drivers of NIKL today.
Foreign investors registered a Net Foreign Selling worth ₱7,100,850.00. They are net sellers year-to-date, but their participation is insignificant.
The immediate support is near ₱3.00, while the immediate resistance is near ₱3.72.
My 10SMACD combo is bearish.
NIKL’s risk level is high due to its historical volatility score of 77 percent.
Trade-Volume Distribution Analysis
Last Price: ₱ 3.4
VWAP: ₱3.36824
Dominant Range: ₱3.38 – ₱3.42
The Momentum Power Indicator of NIKL is bullish because all 4 of 4 elements are bullish.
It’s more than likely for the price to either move sideways or go down because the 10SMACD and the Momentum Power Indicator are not yet bullish.
True Market Sentiment – EOD
True Market Sentiment on NIKL as of Nov-25-2019 at 03:30PM, with a last price of ₱3.40
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: ₱3.3906
Top 10 Players’ Selling Average: ₱3.3920
Bonus Info:
7 out of 41 participants or 17.07% of all participants registered a 100% BUYING activity
13 out of 41 participants or 31.71% of all participants registered a 100% SELLING activity
True Market Sentiment – MTD
True Market Sentiment on NIKL from Nov-04-2019 to Nov-25-2019 at 03:30PM, with a last price of ₱3.40
True Market Sentiment: 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: ₱3.6203
Top 10 Players’ Selling Average: ₱3.6071
Bonus Info:
15 out of 99 participants or 15.15% of all participants registered a 100% BUYING activity
2 out of 99 participants or 2.02% of all participants registered a 100% SELLING activity
Recommendations
Do you have NIKL in your portfolio already?
There’s no confirmed buy signal. As a matter-of-factly, your trailing stop must have already been hit by now. Meaning to say, you should not have NIKL in your portfolio by now based on price’s behavior since October 2019. Abandon all plans to average down. Averaging down doesn’t make sense when the downtrend is more than likely to continue. Wait for the 10SMACD and Momentum Power Indicator to become bullish. Also, NIKL is no longer a newbie-friendly stock due to its high risk level based on its historical volatility score.
You don’t have NIKL but are planning to do a test-buy?
Again, there’s no confirmed buy signal yet. The best thing that you can do now is to wait for the 10SMACD and Momentum Power Indicator to become bullish.
If you’re one of our subscribers at Equilyst Analytics, you can ask for our latest analysis on NIKL so we can tell you if we’re seeing a confirmed buy signal already. If we do, we will also tell you the best price range where you should buy this stock.
Try our stock market subscription service so we can guide you further. You will receive a daily video for short-term trading. You will access our investment guide for long-term investing, which we update four times a day. You will be able to ask for our analysis and recommendation in our forum. You will have an access to our Study Room where you can test your knowledge and earn a 20% commission when someone subscribes through your affiliate links. You will also be able to open an online stockbroker’s account with First Metro Securities for free. Plus, you’ll have a 2-month free access to FirstMetroSec PRO, the most advanced online stock trading platform in the Philippines.
Also, we highly recommend that you watch our online stock market course called The Evergreen Strategy in Trading and Investing in the Philippine Stock Market. You will know how to find the stocks that you should add in your watchlist, how to check if the current trend is more than likely to continue, how to know the true market sentiment, how to identify a confirmed buy signal, how to identify the best price range to trade, and how to sell more logically and less emotionally.
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