Jaycee De Guzman
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Intl Container Terminal Services, Inc. (PSE:ICT) is priced at ₱120 per share as of 03:30 PM GMT+8 on December 6, 2019. It is up by 0.84 percent.

The Total Turnover Value is at ₱94,762,375.00. The local traders are the main drivers of ICT today.

Foreign investors registered a Net Foreign Selling worth ₱50,586,988.00. They are net buyers year-to-date.

The immediate support is near ₱115.40, while the immediate resistance is at ₱126.

My 10SMACD combo is bearish.

ICT’s risk level is low due to its historical volatility score of 23.69 percent.

Trade-Volume Distribution Analysis

Last Price: ₱ 120
VWAP: ₱118.8705
Dominant Range: ₱118.6 – ₱119.4

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

True Market Sentiment – EOD

True Market Sentiment on ICT as of Dec-06-2019 at 03:30PM, with a last price of ₱120.0
True Market Sentiment: NEUTRAL
2 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: ₱119.0377
Top 10 Players’ Selling Average: ₱119.0521
Bonus Info:
12 out of 37 participants or 32.43% of all participants registered a 100% BUYING activity
4 out of 37 participants or 10.81% of all participants registered a 100% SELLING activity

True Market Sentiment – WTD

True Market Sentiment on ICT from Dec-02-2019 to Dec-06-2019 at 03:30PM, with a last price of ₱120.0
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: ₱121.8486
Top 10 Players’ Selling Average: ₱121.3289
Bonus Info:
8 out of 49 participants or 16.33% of all participants registered a 100% BUYING activity
3 out of 49 participants or 6.12% of all participants registered a 100% SELLING activity

Recommendations

Do you have ICT in your portfolio already?

Hold your position if your trailing stop is still intact. I don’t see a heavy reason to recommend reducing your percentage of risk on your trailing stop since the Momentum Power Indicator is still bullish. I am not expecting a rally on the price action of ICT, however. It’s more than likely to continue trading the range between the immediate support and resistance I mentioned above.

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

Since the trend is moving sideways, and the current price is near the support of ₱115.39, I would suggest that you wait for proper confirmation before doing a test-buy. This means, that you need to wait for the 10SMACD and Momentum Power Indicator to become bullish. Also, calculate your reward-to-risk ratio once both indicators have become bullish. If you are happy with the calculated ration, then you can buy within the prevailing dominant range.

If you’re a subscriber of Equilyst Analytics, I suggest that you post your request for our latest analysis and recommendation in our Private Clients Forum when you see a significant change in the price and volume of ICT.

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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