Jaycee De Guzman
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Crown Asia Chemicals Corporation (PSE:CROWN) closed at ₱2.09 per share as of 03:30 PM GMT+8 on December 17, 2019. It went up by 3.47 percent.

The Total Turnover Value was ₱38,275,790.00. The local traders were the main drivers of CROWN today.

Foreign investors registered a Net Foreign Buying worth ₱2,562,560.00. They are net buyers year-to-date, but their participation is insignificant.

The immediate support is near ₱2.00, while the immediate resistance is near ₱2.14.

Our 10SMACD combo is bullish.

CROWN’s risk level is low due to its historical volatility score of 37.44 percent.

Trade-Volume Distribution Analysis

Last Price: ₱ 2.09
VWAP: ₱2.07964
Dominant Range: ₱2.08 – ₱2.09

The Momentum Power Indicator of CROWN is bullish because all 4 of 4 elements are bullish.

True Market Sentiment – EOD

True Market Sentiment on CROWN as of Dec-17-2019 at 03:30PM, with a last price of ₱2.090
True Market Sentiment: NEUTRAL
5 of the top 10 brokers registered a positive Net Amount
7 of the top 10 brokers registered a higher Buying Average than Selling Average
Top 10 Players’ Buying Average: ₱2.0740
Top 10 Players’ Selling Average: ₱2.0716
Bonus Info:
5 out of 13 participants or 38.46% of all participants registered a 100% BUYING activity
5 out of 13 participants or 38.46% of all participants registered a 100% SELLING activity

True Market Sentiment – WTD

True Market Sentiment on CROWN from Dec-16-2019 to Dec-17-2019 at 03:30PM, with a last price of ₱2.090
True Market Sentiment: NEUTRAL
5 of the top 10 brokers registered a positive Net Amount
7 of the top 10 brokers registered a higher Buying Average than Selling Average
Top 10 Players’ Buying Average: ₱2.0732
Top 10 Players’ Selling Average: ₱2.0709
Bonus Info:
6 out of 15 participants or 40.00% of all participants registered a 100% BUYING activity
6 out of 15 participants or 40.00% of all participants registered a 100% SELLING activity

True Market Sentiment – MTD

True Market Sentiment on CROWN from Dec-02-2019 to Dec-17-2019 at 03:30PM, with a last price of ₱2.090
True Market Sentiment: BEARISH
4 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: ₱2.0475
Top 10 Players’ Selling Average: ₱2.0470
Bonus Info:
5 out of 18 participants or 27.78% of all participants registered a 100% BUYING activity
8 out of 18 participants or 44.44% of all participants registered a 100% SELLING activity

Recommendations

Do you have CROWN in your portfolio already?

You have the data-driven basis to top up within the dominant range if you are still holding this stock. The month-to-date True Market sentiment is bearish but both daily and weekly are neutral. There’s a possibility for profit-taking to happen when the price hits the resistance at ₱2.14. CROWN is still moving in a sideways pattern. It’s still a ranging and not a trending stock. This has been its status since the second half of 2019.

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

Calculate first your reward to risk ratio first. Remember that the current price is already halfway through the immediate resistance at ₱2.14. If you are happy with the potential reward, you can do a test-buy within the dominant range. Otherwise, please wait until the price breaks the resistance.

If you’re one of our subscribers, ask for our latest analysis and recommendation in our Private Clients Forum when you notice a significant change in price or volume.

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Note: This is Mr. Jaycee De Guzman’s “The Evergreen Strategy in Trading and Investing in the Philippine Stock Market”.
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✅ Lesson 2: how to check if the current trend is more than likely to continue
✅ Lesson 3: how to know the true market sentiment
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✅ Lesson 5: how to identify the best price range to trade
✅ Lesson 6: how to sell more logically and less emotionally

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