APL closes 19.77% below than the closing price yesterday with a traded value of 2.30B.

Broker transaction (Jan 21, 2021)

Looking at today’s transactions, the top 10 brokers basing on the total trade value are

  • COL
  • TIMSON
  • FIRSTMETRO
  • F_YAP
  • BDO
  • SB-EQTY
  • ABACUS
  • AAA
  • MTPEAK
  • PHLSTOCK

Out of the 10 top brokers based on the net traded value, 6 brokers are selling and 4 are buying.

The average selling price is 0.3666 and average buying price is 0.36032.

There are 91 broker participants today whereby 54 are buyers and 37 are sellers.

Broker transaction (Jan 14-21, 2021)

From Jan 14 – 21, below are the top 10 brokers

  • TIMSON
  • BDO
  • PAPA
  • F_YAP
  • ABACUS
  • AAA
  • WEALTH
  • SB-EQTY
  • PHLSTOCK
  • ANSALDO

Wealth had already disposed PHP 164.54M last week, same with SB-EQTY amounting to PHP 114.47 M.

Just basing on these transactions, it is very likely that APL may break the support level of .30

Last 30 days accumulated net value

For the last 30 days, there are still brokers who have above 100M share value such as COL, Firstmetro securities, BPI, BDO and Tower. However, Timson, PAPA, Wealth and SB-EQTY have been on a selling spree whereby a sum of about 1.9 PHP billion has been sold to the masses.

Technical Analysis

Although, APL is a great candidate for long term growth due to the iron ore business, it would be wise to sell your position and wait for a proper consolidation before entering as APL may break the support level.

If you really wanted to trade this stock, watch it at the 30 minute timeframe and make sure that proper support has been established before entering.

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