Global Ferronickel Holdings (PSE:FNI) closed at ₱1.61 per share as of 03:30 PM GMT+8 on January 17, 2020. It went down by 0.62 percent.
The Total Turnover Value was ₱4,539,060.00. The local traders were the main drivers of Global Ferronickel Holdings today.
Foreign investors registered a Net Foreign Selling worth ₱215,660.00. They are net sellers year-to-date, but their participation is insignificant.
The immediate support is near ₱1.42, while the immediate resistance is near ₱1.66.
Our 10SMACD combo is bearish.
FNI’s risk level is low due to its historical volatility score of 37.23 percent.
Trade-Volume Distribution Analysis
Last Price: ₱ 1.61
Dominant Range: ₱1.61 – ₱1.62
The Momentum Power Indicator of Global Ferronickel Holdings is bearish.
True Market Sentiment – EOD
True Market Sentiment on FNI as of Jan-17-2020 at 03:30PM with a last price of ₱1.610
True Market Sentiment: NEUTRAL
6 of the top 10 brokers registered a positive Net Amount
5 of the top 10 brokers registered a higher Buying Average than Selling Average
Top 10 Players’ Buying Average: ₱1.6050
Top 10 Players’ Selling Average: ₱1.6006
6 out of 20 participants or 30.00% of all participants registered a 100% BUYING activity
5 out of 20 participants or 25.00% of all participants registered a 100% SELLING activity
Do you have Global Ferronickel Holdings in your portfolio already?
Don’t top up. Don’t average down. You’re better off downgrading the percentage of risk of your trailing stop. There is no buy signal confirmation because both 10SMACD and Momentum Power Indicator are bearish.
You don’t have Global Ferronickel Holdings yet but are you planning to enter a new position?
It’s not the right time to do a test-buy on FNI. Wait for both 10SMACD and Momentum Power Indicator to become bearish. The downtrend is more than likely to continue.
Are you a subscriber of Equilyst Analytics? You may request our latest technical analysis of FNI in our Private Clients Forum when you see a significant change in its price or volume.
ONLINE STOCK MARKET COURSE/SEMINAR
Note: This is Mr. Jaycee De Guzman’s “The Evergreen Strategy in Trading and Investing in the Philippine Stock Market”.
📌 Lesson 1: how to filter stocks and create a watchlist you can realistically monitor
📌 Lesson 2: how to know if the trend is more than likely to continue to move up or down
📌 Lesson 3: how to know the true market sentiment and why you should know it
📌 Lesson 4: how to find a confirmed buy signal for a stress-free trading experience
📌 Lesson 5: how to find the best price range when buying new or more shares of stocks
📌 Lesson 6: how to sell more logically and less emotionally when trading or investing
STOCK MARKET SUBSCRIPTION SERVICE
📌 daily video for short-term traders like you
📌 investment guide for long-term investors like you
📌 consultation in the Private Clients Forum
📌 checking of your analysis in our Study Room
📌 20% commission from our Learn-to-Earn Affiliate Program (LEAP)
📌 free online stockbroker’s account and more