C Technical Analysis: Is Chelsea Out the Woods Already?

Chelsea Logistics and Infra Hdgs Corp (PSE:C) is priced at ₱6.71 per share as of 03:30 PM GMT+8 on November 4, 2019. It is up by 0.4491 percent.

The Total Turnover Value is at ₱1,339,732.00. The local traders are the main drivers of C today.

Chelsea Logistics and Infra Hdgs Corp. (C) - Daily Chart EOD - 11.4.2019

Foreign investors registered a Net Foreign Selling worth ₱165,240.00. They are net buyers year-to-date, but their participation is insignificant.

The immediate support is near ₱6.65, while the immediate resistance is near ₱7.35.

My 10SMACD combo is bearish.

C’s risk level is low due to its historical volatility score of 9.38 percent. For new traders, I advise that you prioritize checking those stocks that have a low to moderate risk level.

Trade-Volume Distribution Analysis

Last Price: 6.71
VWAP: 6.722188
Most Traded: 6.72 – 6.71
Most Voluminous: 6.72 – 6.71

Chelsea Logistics and Infra Hdgs Corp. (C) - Trade Volume Distribution EOD - 11.4.2019

The Momentum Power Indicator of C is bearish because only 2 of 4 elements are bullish. The downward movement of the price is more than likely to continue as of the time of writing this analysis.

True Market Sentiment – EOD

True Market Sentiment on C as of Nov-04-2019 at 03:30PM, with a last price of 6.7100.
True Market Sentiment: NEUTRAL
5 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: 6.7208
Top 10 Players’ Selling Average: 6.7211
Bonus Info:
4 out of 14 participants or 28.57% of all participants registered a 100% BUYING activity
4 out of 14 participants or 28.57% of all participants registered a 100% SELLING activity

Chelsea Logistics and Infra Hdgs Corp. (C) - True Market Sentiment EOD - 11.4.2019

Have you already watched the video-on-demand version of my Evergreen Strategy in Trading and Investing in the Philippine Stock Market? I discussed in that video how I find the best candidate stocks for your watchlist, how to know the true market sentiment, how to know if the trend is more than likely to continue, how to find confirmed buy signals, how to find the best price range where I buy, and how I sell more logically and less emotionally.

After watching the video, you will know how to analyze exactly how I analyze. Click here for more information.

Recommendations

As far as our Evergreen Strategy is concerned, there is no confirmed buy signal yet as of this writing. Therefore, if you plan to do a test-buy or enter a new position, it is best to wait for the buy signals from our Evergreen Strategy.

For those who currently have this stock and still holding, as long as your trailing stop is intact, you can continue holding your position and top up only once the 10SMACD and Momentum Power Indicator are both bullish.

Chelsea is not out of the woods yet. This stock is more than likely to re-test the support or continue moving sideways since the +DMI and -DMI are still intertwined with each other and the ADX has been below 25 points for over 30 trading days.

Regardless whether you already have a position on this stock or you’re yet to enter a new position, it’s best that you ask for our latest analysis and recommendation in our Private Clients Forum so we can tell you if the technical buy indicators are still intact. Also, this enables us to tell you the newest dominant range of the stock so you can buy strategically. If you’re a subscriber of Equilyst Analytics, you have an access to our Private Clients Forum.

About the Author
Jaycee De Guzman is an online business strategist, an equity analyst, an entrepreneur, and a computer scientist by profession. Visit his website at www.jayceedeguzman.com.

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