Premium Leisure Corporation (PLC) – Analysis – March 13, 2017

Premium Leisure Corporation (PSE:PLC) has now made a good new 19-month high at 1.52. The stock actually retraced after hitting 1.46 and found the support at the previous resistance at 1.24. It moved below the 50 SMA but was able to recover it soon after.

The 15 EMA has again crossed the 20 SMA, which is a bullish sign. They are now acting as the support for the stock. The volume became flimsy when the stock retraced and started to pick up again. If one would still want to enter a trade, it would be preferable to wait for a test of support at 1.46.

The RSI is trending upward and is now at the overbought levels but is expected in a trending stock. The MACD is also bullish. Estimated resistance is at 1.58.

PLC - Daily Chart - March 13, 2017

Volume

As of March 10, 2017, at 03:30PM, the volume is 33.45% of the previous trading day.

PLC - Premium Leisure Corporation - Volume - March 10, 2017

Online Foreign Brokers

From January 30, 2017 to March 10, 2017, 9 out of 11 active online foreign brokers traded PLC.
Online foreign brokers’ Buy Average: PHP1.41
Online foreign brokers’ Sell Average: PHP1.43
Number of net buyers among the participating online foreign brokers: 4 out of 9
MACQUARIE bought the biggest number of shares among online foreign brokers amounting to PHP6,293,510.00.
CLSA sold the biggest number of shares among online foreign brokers amounting to PHP70,916,120.00.

PLC - Premium Leisure Corporation - Online Foreign Brokers Transactions - March 10, 2017 v2

Top 10 Players’ Sentiment

Participants with a 100% Buying and Selling Activity from Jan-30-2017 to Mar-10-2017 at 03:30PM:

5 out of 90 participants or 5.56% of all participants registered a 100% BUYING activity
23 out of 90 participants or 25.56% of all participants registered a 100% SELLING activity
Top 10 Players’ Buying Average: 1.4012
Top 10 Players’ Selling Average: 1.4047

PLC - Premium Leisure Corporation - Top 10 Players Sentiment - March 10, 2017

Foreign Fund Flow

On a 30-day trading period, PLC is on a Net Foreign Selling worth PHP68,386,531.00.

PLC - Premium Leisure Corporation - Foreign Fund Flow - March 10, 2017 v2

Risk Level

PLC is a low-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.

PLC - Premium Leisure Corporation - Risk Level - March 10, 2017 v2

Do you find this analysis helpful? Please let us know your thoughts by commenting below. It might seem insignificant, but it helps more than what you might think.

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About the Author
The Stock Signals Philippines is the online news media arm of Equilyst Analytics. Inc., an SEC-registered stock market consultancy firm in the Philippines that guides Filipinos on long-term investing and short-term trading and offers mentoring services.

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