Jaycee De Guzman
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Now Corporation (PSE:NOW) is priced at ₱2.8 per share as of 03:30 PM GMT+8 on December 3, 2019. It is up by 0.72 percent.

The Total Turnover Value is at ₱1,946,110.00. The local traders are the main drivers of NOW today.

Foreign investors registered a Net Foreign Selling worth ₱136,970.00. They are net sellers year-to-date.

The immediate support is near ₱2.65, while the immediate resistance is near ₱3.65.

My 10SMACD combo is bearish.

NOW’s risk level is moderate due to its historical volatility score of 68.18 percent.

Trade-Volume Distribution Analysis

Last Price: ₱ 2.8
VWAP: ₱2.78812
Dominant Range: ₱2.77 – ₱2.8

The Momentum Power Indicator of NOW is bearish because only 3 of 4 elements are bullish.

True Market Sentiment – EOD

True Market Sentiment on NOW as of Dec-03-2019 at 03:30PM, with a last price of ₱2.80
True Market Sentiment: BEARISH
3 of the top 10 brokers registered a positive Net Amount
4 of the top 10 brokers registered a higher Buying Average than Selling Average
Top 10 Players’ Buying Average: ₱2.7869
Top 10 Players’ Selling Average: ₱2.7839
Bonus Info:
2 out of 11 participants or 18.18% of all participants registered a 100% BUYING activity
4 out of 11 participants or 36.36% of all participants registered a 100% SELLING activity

True Market Sentiment – WTD

True Market Sentiment on NOW from Dec-02-2019 to Dec-03-2019 at 03:30PM, with a last price of ₱2.80
True Market Sentiment: BEARISH
4 of the top 10 brokers registered a positive Net Amount
4 of the top 10 brokers registered a higher Buying Average than Selling Average
Top 10 Players’ Buying Average: ₱2.7353
Top 10 Players’ Selling Average: ₱2.7530
Bonus Info:
11 out of 29 participants or 37.93% of all participants registered a 100% BUYING activity
5 out of 29 participants or 17.24% of all participants registered a 100% SELLING activity

Recommendations

Do you have NOW in your portfolio already?

If you’ve been trading NOW since October 2019 and if you’re like me how applies a maximum risk percentage of 10 percent when it comes to short-term trading, your trailing stop must have already been hit in the second week of November 2019. NOW has dove by more or less 38 percent since its intraday high of ₱3.70 last November 4, 2019.

Please don’t kid me by saying that you can tolerate up to 50 percent risk. But what do I know, right? If you think this is an audition for the Philippines’ Top 10 Funniest Traders, you’re doing a good job. Do yourself a favor and calculate your trailing stop using my trailing stop calculator.

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

There is no confirmed buy signal yet; therefore, do not rush in doing a test-buy. Keep in mind that the ADX on the downside is still strong at 25 and the -DMI is still above the +DMI. Wait for the 10SMACD’s and the Momentum Power Indicator’s bullish confirmation before checking your reward-to-risk ratio using my reward-to-risk ratio calculator.

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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