Jaycee De Guzman
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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
VWAP: ₱1.29209
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
Bonus Info:
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

Recommendations

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.

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