ALLHC Technical Analysis: Is There a Confirmed Buy Signal Already?

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AyalaLand Logistics Holdings Corp. (ALLHC) is trading at P3.53 per share, up by 2.92 percent, as of 11:23am GMT+8 on October 11, 2019.

The total turnover value is at P21 million. No net foreign is currently registered on the stock as of the time of writing this analysis. ALLHC is open to foreign investors’ but the latter’s participation in trading the former does not involve a significant amount. I don’t factor-in foreign investors’ participation in making a trade decision on ALLHC because of this.

AyalaLand Logistics Holdings Corp. (ALLHC) - Daily Chart 1 - 10.11.2019The immediate support is near 3.30, while the immediate resistance is near 4.30.

On the daily chart, my 10SMACD is already bullish on ALLHC. However, the fourth element of my Momentum Power Indicator is bearish. Therefore, the overall rating of my Momentum Power Indicator for ALLHC is bearish.

To trigger a confirmed buy signal, both of my 10SMACD and Momentum Power Indicator must be bullish.

I advise all Equilyst Analytics subscribers who are reading this analysis to regularly request for ALLHC’s latest Trade-Volume Distribution and True Market Sentiment charts in our Private Clients Forum so we can tell you if the confirmed buy signals are already present.

Trade-Volume Distribution

Last Price: 3.53
VWAP: 3.408064202
Most Traded: 3.44 – 3.5
Most Voluminous: 3.4 – 3.4

The dominant range is closer to the intraday low than the intraday high.

AyalaLand Logistics Holdings Corp. (ALLHC) - Trade Volume Distribution 2 - 10.11.2019

True Market Sentiment

True Market Sentiment on ALLHC as of Oct-11-2019 at 11:26AM, with a last price of 3.5300.
True Market Sentiment: BEARISH
4 of the top 10 brokers registered a positive Net Amount
1 of the top 10 brokers registered a higher Buying Average than Selling Average
Top 10 Players’ Buying Average: 3.4599
Top 10 Players’ Selling Average: 3.4848
Bonus Info:
1 out of 16 participants or 6.25% of all participants registered a 100% BUYING activity
7 out of 16 participants or 43.75% of all participants registered a 100% SELLING activity

This bearish True Market Sentiment shows that the majority of the top 10 players of ALLHC still lack the appetite to buy ALLHC at a higher price by a significant degree.

The price went up today only because of the huge cross-trade done by F.YAP Securities. More or less 90 percent of ALLHC’s volume, as of the time of writing this analysis, is a cross-trade done through this broker.

When it comes to checking the true market sentiment, I base the overall sentiment on the individual actions of the top 10 brokers and not just of one or two. My True Market Sentiment chart generator automatically calculates that for me.

AyalaLand Logistics Holdings Corp. (ALLHC) - True Market Sentiment 1 - 10.11.2019

Recommendations

If you have ALLHC and if your trailing stop has not been hit yet, it’s best to hold your position for now. Don’t top up yet. Since the price went up, you must do an upward adjustment on your trailing stop. You can use our Trailing Stop Calculator.

If you don’t have ALLHC and you’re planning to do a test-buy, I suggest that you wait for the Momentum Power Indicator to become bullish first. When it happens, re-check if the 10SMACD is still bullish. Both must be bullish.

If both are already bullish, you need to calculate your reward-to-risk ratio. You can use our Reward-to-Risk Ratio Calculator. If you’re satisfied with your reward-to-risk ratio, you can position within the dominant range. As soon as the stock enters your portfolio, calculate your trailing stop using our Trailing Stop Calculator.

Again, please post a request for our latest analysis of ALLHC in our Private Clients Forum so we can guide you as trading happens.

There’s a registration form at the top and bottom of this post to register if you’re not yet a subscriber.

Jaycee De Guzman

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