$SECB had a great run last Friday with 7.64% day change and quite a big volume, making it the current 52 Week High. Though it had a great run, foreigners were able to have a net selling of around 264M. The run is a continuation from a breakout that happened last Thursday with foreigners having a net buy of around 120M.
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| Figure 1: SECB Daily Chart |
I am expecting SECB to have a pullback with low volume near Php225 to Php237.5 range before breaking the Php250 level going to Php275.00. This is the level I am going to watch as it is also the potential reversal zone of the Bearish Crab on the monthly chart.
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| Figure 2: Bearish Crab on the monthly |
Statistics are shown below for reference.
| Stock
name |
SECB |
| Current Price |
248 |
| YTD Return |
74.65% |
| 52Wk High |
248 |
| 52Wk Low |
130.1 |
| MVWAP (10
days) |
223.11 |
| MVWAP (20
days) |
220.81 |
| MVWAP (65
days) |
210.5 |
| MVWAP (252
days) |
183.94 |
| YTD Flow |
2,348,961,280.00 |
| 20D Ave Volume |
2,513,066 |
| 50D Ave Volume |
1,894,370 |
| 90D Ave Volume |
2,116,815 |
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