Holcim Philippines (HLCM): Watch 9.45, Wait Near 7.80

0
801

Holcim Philippines Inc (HLCM) has just earned its first anniversary for being in a downtrend channel this March 2018. HLCM must maintain its position above the support at 9.45 preferably with volume in the favor of the bulls.

If HLCM maintains its position above 9.45 with a flimsy daily volume, holders must get weary waiting and choose the in-cash position. On the other hand, there’s a chance for HLCM to revisit the resistance near 10.97 if it pierces through the median of the immediate support and resistance near 9.97. However, try to wait near 7.80 if HLCM breaks below 9.45. The chart below is the monthly chart of HLCM.

Holcim Philippines Inc (HLCM) - Monthly Chart - Mar 7, 2018

Low volume shows the anemic appetite of investors to register a significant transaction on HLCM.

February 2018 was a pale month for HLCM. Look at its volume chart below. It barely crossed its 30-day volume average last month. If this continues, HLCM might stay for a time in the downtrend channel.

Holcim Philippines Inc (HLCM) - Volume - Mar 7, 2018

A 30-day NFB of P1.95 million is loose change.

In short, foreign investors are not impressed with HLCM. You can see that by the size of their trade on HLCM on its 30-day Foreign Fund Flow below.

On a 30-day trading period, HLCM is on a Net Foreign Buying worth PHP1,949,152.00.

Holcim Philippines Inc (HLCM) - Foreign Fund Flow - Mar 7, 2018

JP Morgan and Deutsche did nothing but sell their HLCM shares for the past 2 months.

Participants with a 100% Buying and Selling Activity from Jan-10-2018 to Mar-07-2018 at 03:30PM:

  • 15 out of 55 participants or 27.27% of all participants registered a 100% BUYING activity
  • 13 out of 55 participants or 23.64% of all participants registered a 100% SELLING activity
  • Top 10 Players’ Buying Average: 10.1150
  • Top 10 Players’ Selling Average: 10.1813

Holcim Philippines Inc (HLCM) - Top 10 Players - Jan 10-Mar 7, 2018

Top 10 players’ total turnover value for March MTD costs P6.7 million only.

There are more than 100 participating brokers in the Philippine Stock Exchange, but only 16 brokers have traded HLCM this March, thus far. Investors snub HLCM.

Participants with a 100% Buying and Selling Activity from Mar-01-2018 to Mar-07-2018 at 03:30PM:

  • 4 out of 16 participants or 25.00% of all participants registered a 100% BUYING activity
  • 5 out of 16 participants or 31.25% of all participants registered a 100% SELLING activity
  • Top 10 Players’ Buying Average: 9.7655
  • Top 10 Players’ Selling Average: 9.8048

Holcim Philippines Inc (HLCM) - Top 10 Players - Mar 1-7, 2018

Will ATR and Regina keep their 100% buying sentiment on HLCM this week and reach a 7-figure total turnover value?

Participants with a 100% Buying and Selling Activity from Mar-05-2018 to Mar-07-2018 at 03:30PM:

  • 5 out of 13 participants or 38.46% of all participants registered a 100% BUYING activity
  • 3 out of 13 participants or 23.08% of all participants registered a 100% SELLING activity
  • Top 10 Players’ Buying Average: 9.6647
  • Top 10 Players’ Selling Average: 9.5736

Holcim Philippines Inc (HLCM) - Top 10 Players - Mar 5-7, 2018

Participants with a 100% Buying and Selling Activity as of Mar-07-2018 at 03:30PM:

  • 1 out of 4 participants or 25.00% of all participants registered a 100% BUYING activity
  • 0 out of 4 participants or 0.00% of all participants registered a 100% SELLING activity
  • Top 10 Players’ Buying Average: 9.6199
  • Top 10 Players’ Selling Average: 9.6111

Holcim Philippines Inc (HLCM) - Top 10 Players - Mar 7, 2018

You heard me say that beginners should consider testing the waters with low-risk stocks. I said “consider” and not “trade them right away.” Not all low-risk stocks are worth the time trading, especially when data analysis does not give you any evidence of a foreseeable reversal of sentiment.

I suggest you add HLCM in your watch list and wait for buy signals such as when MACD is about to cross or has crossed the signal line and the price touches the 10-day SMA.

Click here if you’d like to know more about that buy signal.

Holcim Philippines Inc (HLCM) - Risk Level - Mar 7, 2018

Could you write a comment at the bottom of this article and tell me what you’ve learned from me or what did you like the most about my analysis?

If you think I got some awesome stuff on my website, could you share this article with your friends on social media? There are social media icons at the top and bottom of this article. Thank you.

Jaycee De Guzman

Jaycee De Guzman

I have helped thousands of Filipinos trade independently and invest profitably through the Equilyst Analytics, Inc. I have also helped hundreds of SMEs and Fortune 500 companies build and boost their online presence through iPresence Digital Marketing, Inc. Read my About Me page.
Jaycee De Guzman

Do you have a comment?

This site uses Akismet to reduce spam. Learn how your comment data is processed.