Premium Leisure Corporation (PSE:PLC) has been strong for two weeks straight as the stock broke out an ascending triangle.
The target for the breakout above the ascending triangle is P2.00 but as of now, resistance for the week would be between P1.50 to P1.61.
PLC’s 20-day SMA is pointing upwards and is about to cross the 100-day SMA which may signal another breakout.
Support is at P1.35.
As of January 13, 2017, at 03:30PM, the volume is 614.69% of the previous trading day.
Online Foreign Brokers
From January 3, 2017 to January 13, 2017, 9 out of 11 active online foreign brokers traded PLC.
Online foreign brokers’ Buy Average: PHP1.33
Online foreign brokers’ Sell Average: PHP1.33
Number of net buyers among the participating online foreign brokers: 5 out of 9
CLSA bought the biggest number of shares among online foreign brokers amounting to PHP19,376,360.00.
CLSA sold the biggest number of shares among online foreign brokers amounting to PHP18,725,000.00.
Top 10 Players’ Sentiment
Participants with a 100% Buying and Selling Activity from Jan-03-2017 to Jan-13-2017 at 03:30PM:
6 out of 88 participants or 6.82% of all participants registered a 100% BUYING activity
29 out of 88 participants or 32.95% of all participants registered a 100% SELLING activity
Top 10 Players’ Buying Average: 1.3198
Top 10 Players’ Selling Average: 1.3296
Foreign Fund Flow
On a 30-day trading period, PLC is on a Net Foreign Buying worth PHP28,468,488.00.
PLC is a moderate-risk stock based on our proprietary risk level indicator. Please don’t take this as an absolute indicator of a stock’s risk level. We advise that you calculate your personal reward-to-risk ratio.
Do you find this analysis helpful? Please let us know your thoughts by commenting below.