Sir Danny,
Just a few series of questions out of ignorance due to my week-old experiences in PSE trading.
Why is it that for some stocks (actually all of the stocks today) have their opening price varying from the previous day closing price? Shouldn't they be the same considering that the market just opened (mag-start pa lang ang trading, no actual buying and selling exchanges yet)? Is there an ongoing change in a stock's demand and supply line when the market is closed? What dictates the opening price of a stock?

Just want to be enlightened on this. Appreciate your reply.

PD: I was trying to exit my positions this morning but the prices of the stocks I own opened way too low from my target exit price. Cut loss price na nga yung pinost ko in anticipation of a down trend. Making the story short, I'm now an INVESTOR. he,he,he...

QUOTE:
Sir Danny,
Just a few series of questions out of ignorance due to my week-old experiences in PSE trading.
Why is it that for some stocks (actually all of the stocks today) have their opening price varying from the previous day closing price? Shouldn't they be the same considering that the market just opened (mag-start pa lang ang trading, no actual buying and selling exchanges yet)? Is there an ongoing change in a stock's demand and supply line when the market is closed? What dictates the opening price of a stock?

Just want to be enlightened on this. Appreciate your reply. :D

PD: I was trying to exit my positions this morning but the prices of the stocks I own opened way too low from my target exit price. Cut loss price na nga yung pinost ko in anticipation of a down trend. Making the story short, I'm now an INVESTOR. he,he,he... :lol:

The opening price is not dictated by the previous day's closing price. Although the previous day's closing price may influence the opening price the next day, it is still decided by the agreed price between the bid and the offer. he initial sentiment of bullishness or bearishness dictates the opening price.

errr... shanghai was up last friday but u.s market was down
ano expect natin for tom?

last tym na mention na ang retracement is @ 2850 - does this mean market will continue to correct till it reaches that point before it will resume it's previous trend?

sorry im confuse... hock:

Hi Danny,

Good day. Would like to know if the certificates for batch 16 are ready for distribution. Thanks.

Hi danny,
Good am.
I have a question re volume. from our lessons, we know that volume is important during upside breakout. my question is this - relevant ba yung seller led volume (red) or buyer led volume (green) ? or basta mataas ang volume regardless of red or green? how about sa during downtrends as i am assuming seller led volume (red) is an indication that there is sell off?

thanks

yes it is... Volume to the downside makes it more significant.. When we say that.. we are referring to the lowered average cost of supply..
red is an indication of sell off. That means the bar ended with the close lower than the opening price.
Hope I was able to help.


happy charting!