I do not buy at any price.
When buying, you got to position within the dominant range. The dominant range has the prices that got the biggest volume and the highest number of trades.
Transactions placed within the dominant range are more likely to be executed.
When the dominant range is closer to the intraday high than the intraday low, the ascent in price is more likely to continue.
Also, it’s a confirmation of the stock’s intraday bullishness if the price is moving above the volume weighted average price (VWAP).
You do not need to check intraday charts (1 minute, 5 minute, 10 minute, 30 minute, 1 hour) when you know how to plot the dominant range in a chart.
I created my Price-Volume Distribution chart generator for this reason.
Those who attended my The Evergreen Strategy in Trading the Philippine Stock Market seminar understand the logic and reason behind this strategy of focusing on the dominant range.
Quick advertisement: I will be in Cebu City on July 13, 2019 to teach the following:
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how to identify the best stocks to trade when you’re busy
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how to identify a confirmed buy-signal
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how to check if the current trend is more likely to continue
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how to identify the price range where it’s best to trade
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how to know the true market sentiment
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how to sell more logically and less emotionally
So, here are the favorite price points of traders for PHEN, TECH, CA, ALCO, and PRMX as of the first half of trading on July 9, 2019.
These are not stock recommendations.
But if you’re trading any of these five stocks, keep an eye on these dominant ranges.
PHEN
Last Price: 02.3800
VWAP: 2.3684
Most Traded Prices: 2.39, 2.38, 2.37, 2.34, 2.4
Most Voluminous Prices: 2.39, 2.38, 2.4, 2.34, 2.35
TECH
Last Price: 16.7600
VWAP: 16.3873
Most Traded Prices: 17, 16, 16.5, 16.1, 16.04
Most Voluminous Prices: 16, 17, 16.5, 16.1, 16.76
CA
Last Price: 106.00
VWAP: 98.2649
Most Traded Prices: 103, 104, 90, 100, 94
Most Voluminous Prices: 90, 100, 103, 104, 107
ALCO
Last Price: 0.9700
VWAP: 0.9735
Most Traded Prices: 0.97, 0.98, 0.96, 0.99, 0.95
Most Voluminous Prices: 0.98, 0.97, 0.96, 0.99, 0.95
PRMX
Last Price: 02.1600
VWAP: 2.1536
Most Traded Prices: 2.16, 2.11, 2.14, 2.12, 2.12
Most Voluminous Prices: 2.16, 2.11, 2.14, 2.17, 2.12
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In my “The Evergreen Strategy in Trading the Philippine Stock Market” seminar, I will teach you:
- how to identify the best stocks to trade
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- how to check if the current trend is more likely to continue
- how to identify the price range where it’s best to buy or sell
- how to know the true market sentiment
- how to sell more logically and less emotionally
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