TRANS-ASIA PETROLEUM CORP (TAPET) – 3.2.2015 Technical Analysis

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TRANS-ASIA PETROLEUM CORP (TAPET)

As of March 2, 2015 at 03:30:00 PM GMT+8, TAPET ranged between PHP3.95 and PHP4.35.
TAPET closed at PHP4.35 with a Percentage Change of 13.87% or 0.53 points.
TAPET’s candlestick issued a BUY signal.

Current Price: PHP4.35
Support: PHP4.08
Resistance: PHP4.48

TRANS-ASIA PETROLEUM CORP (TAPET) - 3.2.2015 Technical Analysis

Total Trade Amount: PHP6,488,980.00
Foreign Brokers’ Buy Value: PHP75,020.00 or 1.16%
Foreign Brokers’ Sell Value: PHP0.00 or 0.00%

TRANS-ASIA PETROLEUM CORP (TAPET) - 3.2.2015 Technical Analysis

MACD, at -0.011200, shows that TAPET’s downward momentum is stronger than its upward momentum.
Be informed that MACD is trending ABOVE the signal line or the 9-day Moving Average, which means bulls are trying to take control if not already in control.
MACD didn’t issue a buy or sell signal.

DMI, at 25.53, shows that the upward movement of TAPET’s price is directionally strong. Bulls are in complete control.
DMI didn’t issue a buy or sell signal.

RSI, at 71.48, shows that TAPET is trending between (neutral position) the confirmed bearish and bullish zones.
RSI didn’t issue a buy or sell signal.

Stochastic, at 69.70, shows that TAPET is neither oversold nor overbought.
Stochastic didn’t issue a buy or sell signal.

Volatility Ratio, at 0.779000, shows the possibility of a breakout at PHP4.48.
Volatility Ratio didn’t issue a buy or sell signal.

QStick, at 0.055000, shows that the buying momentum for the majority of the past 8 trading days is increasing.
QStick didn’t issue a buy or sell signal.

The PARSAR line appears at the bottom of the current price, which triggers a BUY signal.

TAPET shows a bullish sign as the share price moves above the 5-day EMA.
That bullish pattern is being complemented by the 10-day EMA which is positioned below the 5-day EMA.


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Jaycee De Guzman

Jaycee De Guzman

I am the founder and CEO of iPresence Digital Marketing, Inc. and Equilyst Analytics, Inc. At iPresence, we have been helping SMEs reach and dominate the global market through our digital marketing services since 2001. At Equilyst, we have been helping Filipinos experience a simplified and profitable stock trading and investing experience in the Philippine Stock Market since 2014.
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