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Pepsi-Cola Products Philippines, Inc. (PSE:PIP) closed at 1.78 on Monday, October 14, 2019. Don’t expect much from foreign investors because PIP is not a foreign investor-magnet, so to speak.
The immediate support is near 1.60, while the immediate resistance is near 1.95.
My 10SMACD just got the bullish rating on October 14 when MACD crossed above the signal line. The last price has been moving above the 10SMA since October 11, Friday.
The risk level of PIP is moderate based on its historical volatility score of 62 percent.
This is not a complete takeover of the bulls. For one, the +DMI is still moving below the -DMI. I project that a bullish crossover between the two DMI lines will happen once the price breaks 1.95 or perhaps once it draws closer to that level.
PIP needs to register a daily volume that is preferably higher than its 10-day volume average for this ascent in price to be more sustainable.
Trade-Volume Distribution Analysis
Last Price: 1.78
Most Traded: 1.72 – 1.75
Most Voluminous: 1.75 – 1.74
My trade-volume distribution analysis shows that the Momentum Power Indicator is already bullish. So, my buy signals are technically up already for PIP.
True Market Sentiment
True Market Sentiment of PIP as of Oct-14-2019 at 03:30PM, with a last price of 1.7800.
True Market Sentiment: BEARISH
5 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: 1.7444
Top 10 Players’ Selling Average: 1.7480
6 out of 23 participants or 26.09% of all participants registered a 100% BUYING activity
5 out of 23 participants or 21.74% of all participants registered a 100% SELLING activity
This bearish True Market Sentiment is a friendly-reminder that we all should strictly set up and follow our trailing stop if we choose to trade PIP. This bearish mood of the top 10 brokers shows some hesitation among the members of the top 10 players’ list to push the price higher.
If your trailing stop is still intact and you’d like to add more shares, you may proceed provided you do it within the dominant range. If you are an Equilyst Analytics subscriber, please post in our Private Clients Forum a request for our latest analysis on PIP so we can tell you if the buy signals are still intact together with the new dominant range. Also, do an upward adjustment on your trailing stop every time the prevailing price goes higher. You can use this Trailing Stop Calculator I created.
If you’re planning to enter a new position or do a test-buy on PIP, please calculate your reward-to-risk ratio first. If you’re satisfied with your reward-to-risk ratio, that’s when you should position within the dominant range. Stop using a Buy Below Price.
Start positioning within the dominant range and know how to find it. Stop using a Target Selling Price. Use a trailing stop instead.
You’ll learn my entire trading and investing strategy, from stock selection to plan execution, when you watch the video-on-demand of my Evergreen Strategy in Trading and Investing in the Philippine Stock Market.