Sunday, April 9, 2017

Trading Notes : $CHP $APX $CAL $DNA

1. $CHP

Holders capitulated and this is particularly obvious in COL's case, which has been a buyer from 13 Feb to 10 March @ a price range between 8.42 to 9.60. However, beginning 13 March, up to 7 April, COL became a seller @ a price range between 7.21 to 7.81.

The graph I made shows that for the last 3 weeks the trend has been buying high and selling low. This is a sign of capitulation. Interestingly, the trend this last week seems to turn upward. I still 4 more trading days to confirm if this shift is real. That will be on 17 April.

2. $APX

UNICAP is already in the buy side. Only ABCAP and SB EQ remain the strong sellers. ABCAP is weakening while SB EQ is selling down the stock. See SB EQ's trading record:

29 March - 8.2Msh @ 1.46

31 March - 1.4Msh @ 1.45

6 April - 4.2Msh @ 1.41

7 April - 1.9Msh @ 1.47


3. $CAL

a. Still in a downtrend. Capitulation is evident. Typical example is First Metro, a buyer between 2.09 to 2.36 but became a seller @ 2.06.

b. COL's buying enthusiasm too is diminishing. Once COL turned seller, I see it as a good sign of capitulation and an approaching trend reversal.

c. 3 to 7 April - The 4 biggest sellers were missing in action: Strategic, Unicap, Coyiuto, and IGC.

d. Signals to wait: end of Wave 3, volume dry up and price tightening, COL on the selling side, the 4 sellers on the buy side, and bigger volume but price stops to drop.

e. Solid Buyers: Triton @ 2.38, Aurora @ 2.47, BDO @ 2.49, Alpha @ 2.30, Ansaldo @ 2.39, Jaka @ 2.20, and E Chua @ 2.12

f. Solid Sellers: Strategic between 2.22 to 2.41 and IGC between 2.26 to 2.35

4. $DNA

a. There was a capitulation between 27 Feb to 3 March.

b. The whole of March is insignificant due to low volume.

c. First week of April shows new players, BPI and UniCap, with higher volume but lower price. The strength of both buyers and sellers appears even.

d. I still have to wait for the disclosure of FOO price.


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