Cosco Capital, Inc. (PSE:COSCO) closed at ₱6.7 per share as of 03:30 PM GMT+8 on December 13, 2019. It went down by 3.04 percent.

The Total Turnover Value was ₱25,032,225.00. The foreign traders were the main drivers of COSCO today.

Foreign investors registered a Net Foreign Selling worth ₱3,918,486.00. They are net sellers year-to-date, but their participation is insignificant.

The immediate support is near ₱6.39, while the immediate resistance is near ₱7.19.

My 10SMACD combo is bearish.

COSCO’s risk level is low due to its historical volatility score of 34.75 percent.

Trade-Volume Distribution Analysis

Last Price: ₱ 6.7
VWAP: ₱6.70656
Dominant Range: ₱6.7 – ₱6.71

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

True Market Sentiment – EOD

True Market Sentiment on COSCO as of Dec-13-2019 at 03:30PM, with a last price of ₱6.70
True Market Sentiment: NEUTRAL
7 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: ₱6.7067
Top 10 Players’ Selling Average: ₱6.7151
Bonus Info:
13 out of 25 participants or 52.00% of all participants registered a 100% BUYING activity
5 out of 25 participants or 20.00% of all participants registered a 100% SELLING activity

True Market Sentiment – WTD

True Market Sentiment on COSCO from Dec-09-2019 to Dec-13-2019 at 03:30PM, with a last price of ₱06.70
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: ₱6.7813
Top 10 Players’ Selling Average: ₱6.7690
Bonus Info:
14 out of 30 participants or 46.67% of all participants registered a 100% BUYING activity
5 out of 30 participants or 16.67% of all participants registered a 100% SELLING activity

True Market Sentiment – MTD

True Market Sentiment on COSCO from Dec-02-2019 to Dec-13-2019 at 03:30PM, with a last price of ₱06.70
True Market Sentiment: BULLISH
6 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: ₱6.8454
Top 10 Players’ Selling Average: ₱6.8335
Bonus Info:
9 out of 36 participants or 25.00% of all participants registered a 100% BUYING activity
8 out of 36 participants or 22.22% of all participants registered a 100% SELLING activity

Recommendations

Do you have COSCO in your portfolio already?

If your trailing stop is still intact, I advise that you reduce the percentage of risk on your trailing stop. COSCO got a tall, red candlestick that’s above the 100 percent of its 10-day volume average. Today’s traders saw something that was worthy to be sold. Do not top up.

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

Now is not the right time to buy. The 10SMACD and the Momentum Power Indicator are both bearish. I don’t see a formation of a bullish convergence between the +DMI and the -DMI. Even though the True Market Sentiment for month-to-date is bullish, SB Equities and UBS Securities are already on the brink of being a net seller. The downtrend is still more than likely to continue.

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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