Robinsons Retail Holdings, Inc. (PSE:RRHI) is priced at ₱75.2 per share as of 03:30 PM GMT+8 on November 19, 2019. It is up by 0.1332 percent.
The Total Turnover Value is at ₱3,576,404.00. The local traders are the main drivers of RRHI today.
Foreign investors registered a Net Foreign Selling worth ₱3,483,168.00. They are net sellers year-to-date.
The immediate support is near ₱74.82, while the immediate resistance is near ₱80.50.
My 10SMACD combo is bearish.
RRHI’s risk level is low due to its historical volatility score of 14.1 percent.
Trade-Volume Distribution Analysis
Last Price: ₱ 75.2
VWAP: ₱75.19773
Dominant Range: ₱75.15 – ₱75.2
The Momentum Power Indicator of RRHI is bearish because only 1 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 RRHI as of Nov-19-2019 at 03:30PM, with a last price of ₱75.20
True Market Sentiment: BEARISH
4 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: ₱75.2177
Top 10 Players’ Selling Average: ₱75.1934
Bonus Info:
3 out of 8 participants or 37.50% of all participants registered a 100% BUYING activity
3 out of 8 participants or 37.50% of all participants registered a 100% SELLING activity
True Market Sentiment – WTD
True Market Sentiment on RRHI from Nov-18-2019 to Nov-19-2019 at 03:30PM, with a last price of ₱75.20
True Market Sentiment: BULLISH
6 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: ₱75.2610
Top 10 Players’ Selling Average: ₱75.3609
Bonus Info:
12 out of 19 participants or 63.16% of all participants registered a 100% BUYING activity
4 out of 19 participants or 21.05% of all participants registered a 100% SELLING activity
True Market Sentiment – MTD
True Market Sentiment on RRHI from Nov-04-2019 to Nov-19-2019 at 03:30PM, with a last price of ₱75.20
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: ₱76.1488
Top 10 Players’ Selling Average: ₱76.1793
Bonus Info:
8 out of 34 participants or 23.53% of all participants registered a 100% BUYING activity
2 out of 34 participants or 5.88% of all participants registered a 100% SELLING activity
Recommendations
Do you have RRHI in your portfolio already?
If you bought RRHI before the third week of September 2019, the only logical reason why you should still have this stock in your portfolio is because you have a risk percentage that is higher than 8 percent. If you’re still holding RRHI in your portfolio and you don’t even know why you should have an exit strategy, sooner or later all of your posts on Facebook has the hashtag #HopeandPray. If you’re still trading RRHI just because it’s current price is still lower than the Buy Below Price that your mentor gave you, sooner or later you’re blaming that mentor who’s notoriously dependent on Buy Below Prices.
If your trailing stop is still intact, it’s best that you hold your position. Do not top up because it doesn’t make sense buying the dips yet when the downtrend is still more than likely to continue. Don’t brainwash yourself with the classical belief that every dip is an opportunity. Some dips will give you a more painful than profitable experience trading in the stock market. Entertain the idea of topping up (provided your trailing stop is still intact) when the 10SMACD and the Momentum Power Indicator are both bullish.
You don’t have RRHI but are planning to do a test-buy?
Put that plan on the backburner for now. Wait for the 10SMACD and the Momentum Power Indicator to become bullish again. Ask for our latest analysis and recommendation on SCC once you see a significant change in price and volume, especially when the volume is higher than the 10 percent of SCC’s 10-day volume average.
Let’s see this week if this bullish True Market Sentiment week-to-date can maintain the price floating above the support level.
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