GLOBE TELECOM (GLO) Analysis – January 18, 2017

Globe Telecom (PSE:GLO) bounced at the 61.8 percent Fibonacci line with a reference point on the start of its uptrend on 2011.

GLO, however, met resistance at its 200-day SMA on the weekly chart. The stock has breached the 50 percent Fibonacci line. It runs the risk of going back to the 61.8 percent line around P1,446 per share.

It may find support near P1,515 which will register a higher low for GLO to signal a possible bullish thrust.

GLOBE TELECOM (GLO) - Chart - January 17, 2017

Volume

As of January 18, 2017, at 03:30PM, the volume is 158.97% of the previous trading day.

GLO - Globe Telecom - Volume - January 18, 2017

Online Foreign Brokers

From January 3, 2017 to January 18, 2017, 11 out of 11 active online foreign brokers traded GLO.
Online foreign brokers’ Buy Average: PHP1,662.87
Online foreign brokers’ Sell Average: PHP1,681.65
Number of net buyers among the participating online foreign brokers: 4 out of 11
ATR bought the biggest number of shares among online foreign brokers amounting to PHP292,467,895.00.
ATR sold the biggest number of shares among online foreign brokers amounting to PHP384,284,100.00.

GLO - Globe Telecom - Online Foreign Brokers' Transactions - January 18, 2017

Top 10 Players’ Sentiment

Participants with a 100% Buying and Selling Activity from Jan-03-2017 to Jan-18-2017 at 03:30PM:

6 out of 85 participants or 7.06% of all participants registered a 100% BUYING activity
22 out of 85 participants or 25.88% of all participants registered a 100% SELLING activity
Top 10 Players’ Buying Average: 1702.9238
Top 10 Players’ Selling Average: 1689.4016

GLO - Globe Telecom - Top 10 Players' Sentiment - January 18, 2017

Foreign Fund Flow

On a 30-day trading period, GLO is on a Net Foreign Buying worth PHP584,122,360.00.

GLO - Globe Telecom - Foreign Fund Flow - January 18, 2017

Risk Level

GLO is a moderate-risk stock based on our proprietary risk level indicator. Please don’t take this as an absolute indicator of a stock’s risk level. We advise that you calculate your personal reward-to-risk ratio.

GLO - Globe Telecom - Risk Level - January 18, 2017

Do you find this analysis helpful? Please let us know your thoughts by commenting below.

About the Author
The Stock Signals Philippines is the online news media arm of Equilyst Analytics. Inc., an SEC-registered stock market consultancy firm in the Philippines that guides Filipinos on long-term investing and short-term trading and offers mentoring services.

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