- Philippine Stock Exchange Index: Will End 2019 Between 7400 and 7500? - December 18, 2019
- CROWN Stock Analysis: Trade the Range or Wait for a Breakout? - December 17, 2019
- PIP Stock Analysis: Is It Still Good to Buy Pepsi Despite the Tender Offer? - December 17, 2019
Philippine Infradev Holdings Inc. (PSE:IRC) is priced at ₱1.3 per share as of 03:30 PM GMT+8 on December 2, 2019. It is up by 2.36 percent.
The Total Turnover Value is at ₱755,870.00. The local traders are the main drivers of IRC today.
Foreign investors did not register a Net Foreign amount today. They are net sellers year-to-date, but their participation is insignificant.
The immediate support is near ₱1.27, while the immediate resistance is near ₱1.55.
My 10SMACD combo is bearish.
IRC’s risk level is low due to its historical volatility score of 38.19 percent.
Trade-Volume Distribution Analysis
Last Price: ₱ 1.3
Dominant Range: ₱1.28 – ₱1.3
The Momentum Power Indicator of IRC is bearish because only 3 of 4 elements are bullish.
True Market Sentiment – EOD
True Market Sentiment on IRC as of Dec-02-2019 at 03:30PM, with a last price of ₱1.30
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: ₱1.2920
Top 10 Players’ Selling Average: ₱1.2911
1 out of 10 participants or 10.00% of all participants registered a 100% BUYING activity
3 out of 10 participants or 30.00% of all participants registered a 100% SELLING activity
Do you have IRC in your portfolio already?
When it failed to sustain the breakout on the 29th of October 2019, the price broke below the 10SMA and is now near the support at ₱1.27. If you’re like me who applies a maximum of 10 percent risk percentage in your trailing stop, you should have already locked in your profits in the second week of November 2019.
But let’s say you are still holding IRC until now. What should you do then? I advise that you sell on strength if you cannot afford to sell all at a loss. In the future, please strictly follow your trailing stop. Check out my trailing stop calculator.
You don’t have IRC yet but are you planning to enter a new position?
Postpone all plans of doing a test-buy. The downward momentum, based on the DMI chart, is getting stronger. I still see a bearish divergence between the MACD and the signal line. The price remains below the 10SMA. If you’ve availed of our online stock market course, these signals I’m telling you should not be alien to you by now. You should already know when to buy and when not to.
It’s better if you’re a subscriber of Equilyst Analytics so we can guide you further. When you’re our subscriber, you can ask us for our latest analysis and recommendation in our Private Clients Forum as trading happens.
📌 ONLINE STOCK MARKET COURSE
✅ Lesson 1: how to find the stocks that you should add in your watchlist
✅ Lesson 2: how to check if the current trend is more than likely to continue
✅ Lesson 3: how to know the true market sentiment
✅ Lesson 4: how to identify a confirmed buy signal
✅ Lesson 5: how to identify the best price range to trade
✅ Lesson 6: how to sell more logically and less emotionally
📌 SUBSCRIPTION SERVICE
✅ You get a video with 10 trade ideas by the end of each trading day.
✅ You can access our investment guide for long-term investing.
✅ You can ask us any question in our Private Clients Forum.
✅ You can ask us to check your analysis, based on what you’ve learned from us, in our Study Room.
✅ Earn a 20% commission from every successful referral through our Learn-and-Earn Affiliate Program
✅ You get a free account with First Metro Securities and a 2-month free access to FirstMetroSec PRO.