I need to explain this to you if you’re new to this website. I developed a proprietary strategy for stock trading and investing exclusively for the clients of Equilyst Analytics. I’m the author of “The Evergreen Strategy in Trading and Investing in the Philippine Stock Market 2.0”. In this overhauled strategy, there are six technical parameters that must get a bullish rating for a stock to get a confirmed buy signal.
All subscribers of Equilyst Analytics get an exclusive access to the course manual I wrote for this proprietary strategy. I wrote a complete guide for newbies and experienced traders and investors on how to find stocks worthy to be in your watchlist, how to look for a confirmed buy signal, how to buy logically and strategically, and how to sell with calculated risks. I also included flowcharts and screenshots aside from the step-by-step instructions I wrote in layman’s terms. All you have to do is read with comprehension and ask in our online discussion board for clarification. The ultimate goal is for you to learn how to invest independently and trade tactically in the Philippine stock market.
In my write-up for today, September 23, 2021, I’d like to share with you if I found a confirmed buy signal for the following stocks:
- Jollibee Foods Corporation (PSE:JFC)
- PXP Energy Corporation (PSE:PXP)
- Megawide Construction Corporation (PSE:MWIDE)
Before I start laying down the numbers, I want you to understand that this write-up isn’t an inclusion of our stock market consultancy service. I only write freebies like this when I feel like doing it. I also don’t guarantee that I will be able to respond to comments in this post. My focus and priority are the questions of our subscribers posted in our private discussion group on our website. It’s still best to consider subscribing to our stock market consultancy service so you can pick my brain. There’s so many pieces of the puzzle that aren’t in this write-up.
Jollibee Foods Corporation (PSE:JFC)
Parameter 1: Is its last price moving above its 10-day simple moving average (SMA)?
Answer: YES
Parameter 2: Is its moving average convergence divergence (MACD) moving above its signal line?
Answer: YES
Parameter 3: Is its last volume bar higher than 50 percent of its 10-day volume average?
Answer: NO
Parameter 4: Is its last price equal or higher than its volume-weighted average price?
Answer: NO
Parameter 5: Is its Dominant Range Index bullish?
Answer: YES
Dominant Range Index: BULLISH
Last Price: 203.4
VWAP: 203.96
Dominant Range: 203 – 203
Parameter 6: Is its Market Sentiment Index bullish?
Answer: NO
Market Sentiment Index: BEARISH
16 of the 58 participating brokers, or 27.59% of all participants, registered a positive Net Amount
13 of the 57 participating brokers, or 22.81% of all participants, registered a higher Buying Average than Selling Average
58 Participating Brokers’ Buying Average: ₱203.21115
58 Participating Brokers’ Selling Average: ₱204.27124
4 out of 58 participants, or 6.90% of all participants, registered a 100% BUYING activity
24 out of 58 participants, or 41.38% of all participants, registered a 100% SELLING activity
Verdict: There is NO confirmed buy signal.
PXP Energy Corporation (PSE:PXP)
Parameter 1: Is its last price moving above its 10-day simple moving average (SMA)?
Answer: NO
Parameter 2: Is its moving average convergence divergence (MACD) moving above its signal line?
Answer: NO
Parameter 3: Is its last volume bar higher than 50 percent of its 10-day volume average?
Answer: NO
Parameter 4: Is its last price equal or higher than its volume-weighted average price?
Answer: NO
Parameter 5: Is its Dominant Range Index bullish?
Answer: YES
Dominant Range Index: BULLISH
Last Price: 6.28
VWAP: 6.33
Dominant Range: 6.4 – 6.4
Parameter 6: Is its Market Sentiment Index bullish?
Answer: NO
Market Sentiment Index: BEARISH
5 of the 17 participating brokers, or 29.41% of all participants, registered a positive Net Amount
5 of the 17 participating brokers, or 29.41% of all participants, registered a higher Buying Average than Selling Average
17 Participating Brokers’ Buying Average: ₱6.31602
17 Participating Brokers’ Selling Average: ₱6.32863
3 out of 17 participants, or 17.65% of all participants, registered a 100% BUYING activity
8 out of 17 participants, or 47.06% of all participants, registered a 100% SELLING activity
Verdict: There is NO confirmed buy signal.
Megawide Construction Corporation (PSE:MWIDE)
Parameter 1: Is its last price moving above its 10-day simple moving average (SMA)?
Answer: NO
Parameter 2: Is its moving average convergence divergence (MACD) moving above its signal line?
Answer: NO
Parameter 3: Is its last volume bar higher than 50 percent of its 10-day volume average?
Answer: NO
Parameter 4: Is its last price equal or higher than its volume-weighted average price?
Answer: NO
Parameter 5: Is its Dominant Range Index bullish?
Answer: NO
Dominant Range Index: BEARISH
Last Price: 6.15
VWAP: 6.18
Dominant Range: 6.17 – 6.18
Parameter 6: Is its Market Sentiment Index bullish?
Answer: YES
Market Sentiment Index: BULLISH
10 of the 17 participating brokers, or 58.82% of all participants, registered a positive Net Amount
10 of the 17 participating brokers, or 58.82% of all participants, registered a higher Buying Average than Selling Average
17 Participating Brokers’ Buying Average: ₱6.18099
17 Participating Brokers’ Selling Average: ₱6.18022
5 out of 17 participants, or 29.41% of all participants, registered a 100% BUYING activity
3 out of 17 participants, or 17.65% of all participants, registered a 100% SELLING activity
Verdict: There is NO confirmed buy signal.
Reminders
- If you already have the stock, the absence of a confirmed buy signal does not mean you should sell your position. Review the course manual I wrote so you’ll be reminded of the situations when you should consider either reducing the percentage of risk on your trailing stop or selling your position.
- You must calculate your reward-to-risk ratio after getting a confirmed buy signal. You should only buy shares of that stock if you’re satisfied with your reward-to-risk ratio. Do not buy if you’re not happy with the ratio even if there’s a confirmed buy signal.
- You may use my reward-to-risk ratio calculator, trailing stop calculator, and other trading calculators.
- Keep in mind the reminders I wrote in the course manual of The Evergreen Strategy 2.0 whenever either of the Dominant Range Index or Market Sentiment Index turns bearish.
- If you’re one of our subscribers and you have follow-up questions regarding the stocks I discussed in this write-up, please ask in our private online discussion group so I can answer you in detail. I do not guarantee a reply to comments in my free write-ups.
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Here’s what our clients say about us.
It teaches technical analysis in the simplest way.
His methodology is quite helpful to beginners like me. It teaches technical analysis in the simplest way.
Very insighful and never without basis.
Very insighful and never without basis.
Inspiring
Inspiring
Very scientific
Very scientific
Informative and very good guide for us investors and traders
Informative and very good guide for us investors and traders
His articles are informative and practical.
His articles are informative and practical. Concise and simple to understand and helpful for investors to assess and make informed decisions.
His articles are very Helpful and very informative.
His articles are very Helpful and very informative. It provides enough details for stock traders to make an informed decision.
insightful and helpful
insightful and helpful
helps me choose what stocks are right to watch
it helps me to choose what stocks that are right to watch out for rather than choosing random
his lessons are worth it and his daily guidance is really useful for practicing the system he teaches
Let’s Be Honest, what this guy markets is true. It’s better than your usual subscription to services like Truly Rich Club(UGH). If you’re new to the market, his lessons are worth it and his daily guidance is really useful for practicing the system he teaches in combination with your own technique. I appreciate his application of making volume a serious consideration on trades.
Pero I don’t believe that what he teaches will really give you and edge. It may at best, lift your feet of the ground. You need to find people with more experience in the market and techniques that can’t be found in books. The service and the lessons are up to par with the cost anyway.
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