Zeus Holdings, Inc. (PSE:ZHI) closed at ₱0.198 per share as of 03:30 PM GMT+8 on January 10, 2020. It went down by 2.46 percent.
The Total Turnover Value was ₱66,080.00. The local traders were the main drivers of Zeus Holdings, Inc. today.
Foreign investors have not traded ZHI yet this year.
The immediate support is near ₱0.19, while the immediate resistance is near ₱0.22.
Our 10SMACD combo is bearish.
ZHI’s risk level is extremely high due to its historical volatility score of 116.41 percent.
Trade-Volume Distribution Analysis
Last Price: ₱ 0.198
VWAP: ₱0.20024
Dominant Range: ₱0.202 – ₱0.202
The Momentum Power Indicator of Zeus Holdings, Inc. is bearish because only 1 of 4 elements is bullish.
True Market Sentiment – EOD
True Market Sentiment on ZHI as of Jan-10-2020 at 03:30PM with a last price of ₱0.1980
True Market Sentiment: BEARISH
2 of the top 10 brokers registered a positive Net Amount
2 of the top 10 brokers registered a higher Buying Average than Selling Average
Top 10 Players’ Buying Average: ₱0.1977
Top 10 Players’ Selling Average: ₱0.2002
Bonus Info:
1 out of 4 participants or 25.00% of all participants registered a 100% BUYING activity
2 out of 4 participants or 50.00% of all participants registered a 100% SELLING activity
Recommendations
Do you have Zeus Holdings, Inc. in your portfolio already?
If your trailing stop is still intact, we recommend that you reduce the percentage of risk on your trailing stop using this trailing stop calculator. The downtrend is more than likely to continue. ZHI’s 10SMACD and Momentum Power Indicator are both bearish.
You don’t have Zeus Holdings, Inc. yet but are you planning to enter a new position?
Do not do a test-buy yet even if the current price is is about to touch the support near ₱0.19. Don’t blindly follow the “buy near support” phrase you see on social media. Who taught you that everything that draws closer to the support level is guaranteed to rebound? A price that is drawing closer to the support level can either rebound or continue the downtrend. With the 10SMACD and Momentum Power Indicator still bearish, it’s more than likely for ZHI to break below the support at ₱0.19.
The bearish True Market Sentiment is another reminder that the downtrend is more than likely to continue.
Are you a subscriber of Equilyst Analytics? Please request for our latest analysis of ZHI in our Private Clients Forum when you see a significant change in its price or volume.
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