Welcome to the EquiTalks program. This is episode number 16.
If you have missed the previous episodes, you can still review or watch our videos, listen to our podcasts, or read our case notes. Just visit www.equilyst.com, click on Learn, and you will see those three options.
In today’s episode, I’ll be talking about PLDT, Inc. (TEL).
There’s a 0.36 cash dividend with an ex-dividend date of April 1, 2019.
If you would like to do a dividend play on TEL, this is how it’s going to be like:
If you’re going to buy PLDT shares before April 1, 2019, and you are going to keep those shares up until April 1, then you’re going to receive dividends for your TEL shares.
However, if you’re going to buy shares either on or after April 1, those shares will no longer receive dividends.
On the selling side, if you’re going to sell your PLDT shares before April 1, then those shares will not receive dividends. You will receive dividends if you’re going to sell either on or after April 1, 2019.
TEL Stock Chart
The stock closed today at 1167 per share (March 27, 2019). Resistance is at 1387; support is at 1126.
There’s deeper support than 1126, and that’s 1027. But before it gets near 1027 level, it has to break down below 1126 first.
Right now, this closing price is already moving below the long-term and the medium-term simple moving averages, 200-day and 50-day SMAs, respectively. Today’s red candlestick came with a volume that’s below its 10-day volume average.
Whenever I see a red candlestick, and the volume is not outstanding, it means that the descent in price may not continue. In other words, there’s still hope for TEL to stay above the support at 1126, given the volume.
Nonetheless, sentiments can still change, especially once the price hits the support at 1126. For example, if the price hits that level and there’s a volume that’s higher than the 10-day volume average, then I would say it’s more likely for the downtrend in price to continue all the way to the next support at 1027.
Always re-evaluate and make sure that you check on the size of the volume relative to its position either below or above the 10-day volume average.
MACD remains bullish as it stays above the signal line. I don’t see any clear evidence of a formation of a bearish convergence with the signal line.
PLDT has a low-risk level with its volatility score of 29%.
Price-Volume Distribution Analysis
Now let’s take a look at the range that got the biggest volume and the highest number of trades.
The range that got the biggest volume is from 1163 to 1168. Now, the range that got the highest number of trades is between 1163 to 1178.
If you’d like to know the significance of understanding the range that got the biggest volume and the highest number of trades, I’d like to invite you to visit our website www.equilyst.com. Click on Services, choose Subscription, and then Investment Guide for Long-Term Investors or Trade Setups for Short-Term Traders.
I’ve explained on both pages the significance of knowing the range so that you can use that to your advantage before you make a data-driven decision for yourself.
My Overall Sentiment
My overall sentiment on PLDT is neutral to bearish. I recommend that you wait near the next support at 1126 level. If you already have a position in TEL, make sure that you know where your trailing stop loss is.
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This is our 16th episode for our EquiTalks program. Have a great day.
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- EquiTalks Episode 16: Any Chance of Seeing TEL Near 1127? - March 27, 2019