In this technical analysis for GMA Network (GMA7), I’ll show you the status of the six (6) indicators I monitor to know if the stock has a confirmed buy signal. If all six indicators are bullish, it means the stock has a confirmed buy signal according to my proprietary methodology.
I don’t follow the classical usage of technical indicators. I have my proprietary methodology in using certain technical indicators, which I call The Evergreen Strategy 2.0.
Getting a confirmed buy signal does not mean buying the stock right away. I must compute for my initial trailing stop and reward-to-risk ratio first.
The computation of my reward-to-risk ratio follows after computing for my initial trailing stop. I need to decide for the percentage of risk I’m willing to apply in that particular trade. This process must be done sequentially. To compute my reward-to-risk ratio, I need to identify the stock’s resistance.
For my and clients’ convenience, I created the Trailing Stop Calculator and Reward-to-Risk Ratio Calculator, which you’ll find in the Calculators tab of the Library section of our website.
Let’s take a look at the ratings of the six indicators.
Price vs. 10-day Simple Moving Average (SMA)
Parameter 1: Is its last price moving above its 10-day simple moving average (SMA)?
Answer: YES
Volume
Parameter 3: Is its last volume bar higher than 50 percent of its 10-day volume average?
Answer: YES
Moving Average Convergence Divergence (MACD) vs. Signal Line
Parameter 2: Is its moving average convergence divergence (MACD) moving above its signal line?
Answer: YES
Volume-Weighted Average Price (VWAP)
Parameter 4: Is its last price equal or higher than its volume-weighted average price?
Answer: NO
Dominant Range Index (DRI)
Parameter 5: Is its Dominant Range Index bullish?
Answer: YES
Dominant Range Index: BULLISH
Last Price: 15.52
VWAP: 15.69
Dominant Range: 15.5 – 16
Market Sentiment Index (MSI)
Parameter 6: Is its Market Sentiment Index bullish?
Answer: YES
Market Sentiment Index: BULLISH
24 of the 62 participating brokers, or 38.71% of all participants, registered a positive Net Amount
24 of the 61 participating brokers, or 39.34% of all participants, registered a higher Buying Average than Selling Average
62 Participating Brokers’ Buying Average: ₱15.63870
62 Participating Brokers’ Selling Average: ₱15.72246
12 out of 62 participants, or 19.35% of all participants, registered a 100% BUYING activity
15 out of 62 participants, or 24.19% of all participants, registered a 100% SELLING activity
Verdict
There is NO confirmed buy signal.
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Money's worth is clear as well as the direction and gravity of the guidance extended.
it is used in a manner as to solicit yet help, yes you subscribe but it is only for an understandable reason which would partly be Sustainability. Money’s worth is clear as well as the direction and gravity of the guidance extended
I seem to understand he has a Systematic Way of Doing Trading which I believe he could share and is currently sharing
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His Evergreen strategy. Based on data not feelings.
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Mr de Guzman way of TA, is very formula based… data is gathered and computed, then compared to pre set parameters. Each parameter will determine course of action or no action.
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Straight to the point…
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He backs it up with good reasoning
He backs it up with good reasoning
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