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all right guys we are back once again for another stocks by request and what's so interesting today is the psei dropped broke down we made a video about that just a few hours ago but i want to double down on certain stocks also uh that have dropped passively today please do note that the movement that we are seeing uh today also know is brought about by a lot of stocks that the fundamentals may not have been so good but they have gone up pretty much because of price action and please remember sometimes stocks move up based on price action not just because of the fundamentals but because a lot of people are buying them and the tricky part about that is when you see certain stocks go up because of price action normally also when people take profits when people sell which is normal also now please do note that people are in the market to make money to make good trades to earn and when they see their positions up already and considering it's a bit speculative considering they're moving not because of fundamentals a lot of people want to take out their profits and also pocket some of those earnings as well so that's the common narrative and please remember in hindi union 2021 it happens over and over and over and over if the name of the game of how you want to come in is price action you also need to know how to get out based on price action and in my opinion i don't speculate i just use technicals in everything and that's why every time we analyze here based on uh whatever you see in the channel it's predominantly based on technical analysis so i want to start things off by uh by talking about atl apl had a uh here also so um apl is up uh apl is down 1.7 uh with 1.7 billion value turnover um it went down by 29.64 and what's so interesting about technicals is we mentioned this in yesterday's stream we did the live stream yesterday but um we mentioned that the support is at the 0.196 level and true enough following support and resistances in terms of analyzing technical analysis there the stock closed at 0.197 so very very close to where the support is and i think that's the tricky part now when you see certain stocks go massively up it fails to develop certain resistances and the problem with that is when sell downs happen similar to what we're seeing here there was a big drop from zero to nine to zero one nine six predominantly because please remember when stocks break down what the previous resistance becomes the new support and as what we saw here there was no resistance prior to the 0.29 level that's why when it started to go down it was massively up it even broke past the 20-day moving average now looking at signals we mentioned this prior also that it already crossed below the rsi today another bearish indicator started to come out as you can see right here macd also so you can see let me let me fix my chart uh well but i'm gonna chart what happened here sorry guys i'm fixing my chart there you go all right as you can see right here it crossed down as well so you have the cross down from rsi which happened a few days back then you have the cross down also from macd confirming moves that we have right now so as of today this is what this is what we have for apl it's out of the upward push it's below the 20-day moving average it broke below the 0.29 level it's below already the 20-day moving average then you have a large red candle for today it's sitting at the 0.196 resi support level so narrative for tomorrow and at least something that you need to watch out for is if it bounces from the 0.196 level then the the move that's in play is 0.196 support then our 0.29 resistance however flip side if selling will continue and please do note that we have more sell signals that have emerged even at this point in time now that the stock has gone down massively rsi is still not oversold it just dipped below overbought levels and you have mathy telling you that there's a change in direction so possible areas where you go or it could retrace is here 0.15 where the uptrend the longer term uptrend is around this level or to as low as where the 50-day moving average is somewhere around the 0.129 level or back right here up to the point where it started to break out at the end of the year the 0.108 level so union problem when stocks move up predominantly based on price action uh when selling happens everyone sells and then the charts also follow and reveal the sell that's happening that's why again i'll never stop saying this when this is how you want to trade you better make sure that you need to know when to exit and what parameters are you using to exit because if you're just there to make a gain everyone wants to make a game but you need to set the parameters and your rules for engagement to know how you're supposed to get out and when i say how you're supposed to get out you can get out me and it's not always again there will be instances also that it will be a loss so i just want to share that and for those who somehow know may have lost money because of this i do hope that this becomes also a lesson please remember mistakes are not just there to they hurt pero the learning that you will get on top of it is what will allow you to become a better trader a better investor and that's why i keep saying this over and over and over and over that the ultimate way for you to do well in the market is to gain experience because it's those experiences that will protect you in later trades and if you're in your second year third year if you have 40 years to trade you still have a lifetime ahead of you paramobi my mistakes for today that's apl next i want to talk about mm mary mart so for mary mart again textbook still um when salve was with me last week we mentioned that mm was pretty consistent the nasa resistance at the resistance and true enough mm today still did not break the resistance and textbook technical analysis when a stock is at the resistance sellers emerge and when sellers emerge you see it drop massively and that's what happened also today mm failed to break out from the 8 peso resistance level causing it to close lower the 6.89 but i want to show this allow me to zoom in further uh you will you will see this as we start analyzing mmm more to sell signals emerge even more what are those this uptrend line that i put that i drew starting january for from the bounce from the support it got broken today and it also got reinforced by the 20-day moving average seeing the stock fail to hold and break the 20-day moving average so in one day mm did three things four things actually large red candle with a lot of volatility predominantly also because it failed to break the resistance at eight then because it failed then it broke the short-term upward trending line then it broke the 20-day moving average macd is still confirming that there's still a change in direction so now landing spot failure to break the resistance will bring the stock back to the support so where's our next support still the same it has not changed where the 50-day moving average is at the 6.4 level so that's where we are for mary marth so the difference between mary martino it broke the upward trending line the shorter term but it's still within the range uh that we're seeing right here at the 6.4 mark so possible landing spot merrymart 6.4 if it fails to hold that let's see if the 50-day moving average can protect it but if it's not next possible area for it to go 5.7 peso support level so but since a lot of you are requesting this one for sure we're gonna talk about this still on a daily basis by the way mary mart down 12.23 apl was down 29.64 mm was down 12.23 value turnover 658 million pesos for for those of you watching this that are asking we talked about the index the psi those who are watching large cap stocks those are watching fm etf those who are watching mutual funds we talked about that at 6 00 pm today you can reference that also but rest assured we're going to tackle more and more stocks over the next few hours and that's what i like about raw videos like this no no need for edit i can i can based on what's happening on the market it allows me to be able to share it as relevant as possible now speaking of stocks that have dropped massively pha is also down pha dropped 28.97 from one from 2.52 yesterday to 1.79 pesos per share today it's down again 28.97 with a value turn over 599 million so pretty pretty strong though so the upward movements we saw large volumes in the same way for today we're also seeing large volumes on a downward level okay pha if you notice the chart that i'm drawing here it looks the same similar as apl similar also to mm the short term upward trending line is broken the difference long between ph a is we already had evidence yesterday that it failed to break the resistance at 2.9 again i repeat the difference between you the way you analyze pj and mary mart is mary mart was harboring at the resistance however pha yesterday already gave you evidence that it failed to break the resistance with a large red candle then if you notice it also rsi already gave you also a heads up on how it's looking so couple of those are warning shots already for pha but today large red massive candle with volume breakage of the uptrend line but similar to mary mart and pete and apl we saw the stock break below the 20-day moving average plus macd almost the same configuration has already also started to cross signaling a change in direction so similar to how we analyze apl if you notice it though that's what i like about technical analysis the same template the same formula or the same narrative or strategy that you would use for bitcoin for apple stocks for tesla stocks is the same way you would analyze also and talk about um all of the other stocks that are here as well so that's how you can play it no follow the same template when a stock breaks down it will normally try to look for where the next support level is and looking at it right here right now for pha the next support level similar also to merry mart is where the 50-day moving average is and it's at the 1.255 level so again as of now candlestick is bearish the upward trending line for the short term is broken the 20-day moving average is broken macd is showing us a change in direction that's bearish then it failed to break the 2.9 resistance possible landing spot should selling continue is at the support at the 1.255 level and if it does not hold the next possible landing spot for it is at the 0.915 level for pha so i hope you guys are learning but please do note that no matter how much i talk about this uh please do not buy sell hold or or transact just because it's talked about here use that use this analysis but study do your research your due diligence um try to filter out economic indicators what is it i need to learn about it because it's something that will work also but you need to study it on your own don't just take my word for it don't use this data as as financial advice not in your language your money your responsibility never ever listen to the crowd listen to your own conviction and your strategy lastly let's talk about neeto uh for dito i wanna i wanna zero in and double down on this um this is how vito looks like but by the way for those that want to join us for our stock smart session i just want to invite you we have a small session happening this weekend saturday and sunday if you want to go and have a deep dive on what technical analysis is and how i analyze it the way i would utilize it and the way i would use it in how i would navigate through the markets the sessions will be saturday sunday link is in the description below or for those who want to learn via the books that i've written the links are in the description below as well so you can learn and you can navigate and you can use the stock market by trading it with technical analysis so i'm going to see subscribers and that's a nice feeling of that people that we communicate with online are people also that we get to see face to face so i'm excited for that now let's go back to this charts tito support 11.37 today it broke down for the first time uh not not in the long time because it did it just a couple of days ago but today it broke below the 20-day moving average and it broke below the 11.37 support level so a couple of things talking about detail from a bearish standpoint is uh nito close with a valentine over 494 million it's down 9.38 it was at 12.16 yesterday it closed at 11.02 today so that being said should selling uh continue for dito from a price standpoint possible area for it to land no will most likely be here at the 8.83 mark which is where the 50-day moving average is or if selling will continue it could be at the 7.85 level so again watch out for this area if selling would continue retracement will be here around the 8.99 or nine peso level or if selling will continue somewhere around the eight peso mark please do note that rsi is close to oversold levels macd is already show is continuing its change in direction so the bearish things that we could read right now is break down from 11.37 large red candle uh 20-day moving average breakdown and then a change in direction in macd that's it so far so the landing spot that's what i've mentioned will be somewhere around here around the nine eight point eight nine nine peso level to as slow as around the eight peso mark for veto so there but again if it falls to the eight peso mark i just want to note that it's still moving in its current a larger sideways progression but it would be another story already if it breaks below the 7.92 level we may see a reversal specifically from it pushing up to a much lower level if the 7.92 mark for dito does not hold so there i hope you guys got a lot from this and i hope that this is something that's helpful um for the next video uh this is in my main channel so maybe the next video will be in the second channel we're gonna talk about bsc video mrc and maybe ali then we're gonna talk about four stocks again in my this channel maybe later on again tonight bahamut live tonight let me know if you guys are interested on that if you guys are still awake uh around that time as well so let's see how we can do it and how that could possibly work but um more to come tonight especially i want to be with you guys at this time giving my insight at the time where we were seeing markets drop and there's a lot of volatility and this is marvin germain i hope this video helps you today well trade strong trade smart see you all again soon guys and god bless