Philex Mining Corporation (PSE:PX) is priced at ₱3.39 per share as of 03:30 PM GMT+8 on November 25, 2019. It is up by 3.35 percent.
The Total Turnover Value is at ₱870,990.00. The local traders are the main drivers of PX today.
Foreign investors did not have a participation on PX today. They are net sellers year-to-date, but their participation is insignificant.
The immediate support is near ₱3.20, while the immediate resistance is near ₱3.50.
My 10SMACD combo is bullish.
PX’s risk level is low due to its historical volatility score of 30.5 percent.
Trade-Volume Distribution Analysis
Last Price: ₱ 3.39
Dominant Range: ₱3.36 – ₱3.39
The Momentum Power Indicator of PX is bullish because all 4 of 4 elements are bullish.
The ascent in price is more than likely to continue since the 10SMACD and the Momentum Power Indicator are both bullish.
True Market Sentiment – EOD
True Market Sentiment on PX as of Nov-25-2019 at 03:30PM, with a last price of ₱3.390
True Market Sentiment: BEARISH
4 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: ₱3.3862
Top 10 Players’ Selling Average: ₱3.3879
5 out of 12 participants or 41.67% of all participants registered a 100% BUYING activity
6 out of 12 participants or 50.00% of all participants registered a 100% SELLING activity
True Market Sentiment – MTD
True Market Sentiment on PX from Nov-04-2019 to Nov-25-2019 at 03:30PM, with a last price of ₱3.390
True Market Sentiment: BULLISH
8 of the top 10 brokers registered a positive Net Amount
7 of the top 10 brokers registered a higher Buying Average than Selling Average
Top 10 Players’ Buying Average: ₱3.3924
Top 10 Players’ Selling Average: ₱3.3769
20 out of 50 participants or 40.00% of all participants registered a 100% BUYING activity
11 out of 50 participants or 22.00% of all participants registered a 100% SELLING activity
Do you have PX in your portfolio already?
If you have PX, you may top up within the dominant range since both 10SMACD and Momentum Power Indicator are bullish. Make sure that you do an upward adjustment on your trailing stop every time the prevailing price goes up. You can use my Trailing Stop Calculator. On the other hand, request for our latest analysis on PX, in our Private Clients Forum, if it starts at a price lower or higher than the dominant range at the opening bell tomorrow.
You don’t have PX but are planning to do a test-buy?
You can do a test-buy within the dominant range of our Trade and Volume Distribution but make sure that you are happy with your reward to risk ratio first. You can use my Reward-to-Risk Ratio Calculator.
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