Global Ferronickel Holdings (PSE: a FNI) looks bullish on the monthly, toppish on the weekly, and correcting on the weekly.
Current levels could be a good entry if you think FNI would move higher. Its 15-day EMA is about to cross the 20-day SMA.
Candles are also sitting above the SMA’s which may be acting as support. We would want FNI to stay above those lines. The stock is sitting a little bit below the 23.6 Fibonacci retracement line from its recent move. You may try catching the stock at the 38.2 line which is approximately P3.16.
Your stop-loss would be around 3.10 because the stock would then make a lower low in the shorter term time frame. A break above this consolidation pattern could bring P3.44 as a possible target selling price.
As of January 12, 2017, at 03:30PM, volume is 38.45% of the previous trading day.
Online Foreign Brokers
From January 3, 2017 to January 13, 2017, 4 out of 11 active online foreign brokers traded FNI.
Online foreign brokers’ Buy Average: PHP3.24
Online foreign brokers’ Sell Average: PHP3.28
Number of net buyers among the participating online foreign brokers: 3 out of 4
ATR bought the biggest number of shares among online foreign brokers amounting to PHP81,050,600.00.
ATR sold the biggest number of shares among online foreign brokers amounting to PHP61,096,950.00.
Top 10 Players’ Sentiment
Participants with a 100% Buying and Selling Activity from Jan-03-2017 to Jan-13-2017 at 03:30PM:
10 out of 76 participants or 13.16% of all participants registered a 100% BUYING activity
20 out of 76 participants or 26.32% of all participants registered a 100% SELLING activity
Top 10 Players’ Buying Average: 3.2047
Top 10 Players’ Selling Average: 3.2153
Foreign Fund Flow
On a 30-day trading period, FNI is on a Net Foreign Selling worth PHP47,002,650.00.
FNI is a moderate-risk stock based on our proprietary risk level indicator.
Do you find this analysis helpful? Please let us know your thoughts by commenting below.
Stock Signals Philippines is your go-to website for stock analysis, tips and strategies in trading and investing in the Philippine stock market. StockSignals.ph is a property of Equilyst Analytics, Inc.