Jaycee De Guzman
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China Banking Corporation (PSE:CHIB) is priced at ₱25 per share as of 03:30 PM GMT+8 on December 5, 2019. It is down by 0.3984 percent.

The Total Turnover Value is at ₱5,296,600.00. The local traders are the main drivers of CHIB today.

Foreign investors registered a Net Foreign Selling worth ₱3,344,020.00. They are net sellers year-to-date, but their participation is insignificant.

The immediate support is near ₱24.80, while the immediate resistance is near ₱25.70.

My 10SMACD combo is bearish.

CHIB’s risk level is low due to its historical volatility score of 6.15 percent.

Trade-Volume Distribution Analysis

Last Price: ₱ 25
VWAP: ₱24.97218
Dominant Range: ₱24.95 – ₱25

The Momentum Power Indicator of CHIB is bearish because all 4 elements are bearish.

True Market Sentiment – EOD

True Market Sentiment on CHIB as of Dec-05-2019 at 03:30PM, with a last price of ₱25.0
True Market Sentiment: NEUTRAL
6 of the top 10 brokers registered a positive Net Amount
4 of the top 10 brokers registered a higher Buying Average than Selling Average
Top 10 Players’ Buying Average: ₱24.9866
Top 10 Players’ Selling Average: ₱25.0319
Bonus Info:
4 out of 14 participants or 28.57% of all participants registered a 100% BUYING activity
7 out of 14 participants or 50.00% of all participants registered a 100% SELLING activity

True Market Sentiment – WTD

True Market Sentiment on CHIB from Dec-02-2019 to Dec-05-2019 at 03:30PM, with a last price of ₱25.0
True Market Sentiment: NEUTRAL
6 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: ₱25.0542
Top 10 Players’ Selling Average: ₱25.0462
Bonus Info:
3 out of 19 participants or 15.79% of all participants registered a 100% BUYING activity
10 out of 19 participants or 52.63% of all participants registered a 100% SELLING activity

Recommendations

Do you have CHIB in your portfolio already?

There is no confirmed buy signal for you to top-up yet. Your only option would be to hold your stock if your trailing stop is still below the current price. Both daily and week-to-date True Market Sentiments are neutral; therefore, there is a probability of it to continue moving sideways. Worst case scenario will be a change of trend from sideways to downtrend once the support at ₱24.79 is broken. If that happens, you should reduce the percentage of risk in your trailing stop and exit the trade once your trailing stop is hit.

You don’t have CHIB yet but are you planning to enter a new position?

No pressure on this one. You just need to wait until you see both 10SMACD and Momentum Power Indicator in the bullish territory before doing a test-buy within the dominant range.

If you’re one of our subscribers, ask for our latest analysis and recommendation in our Private Clients Forum whenever you need to.

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