LMG Chemicals Corp (PSE:LMG) has finally broken out of the descending triangle after a huge volume was recorded yesterday, February 14. The stock has been consolidating for the past two weeks and has now moved higher. As of writing, the stock has already hit its ceiling price for the day of 5.86 but has retracted some of its gains. Volume is already at 9 million shares, short of 200,000 to beat the previous volume’s high at 9.2 million.
MACD is still pointing higher and has made a bullish crossover. RSI is at 78.99 and is at oversold levels but is also natural given a trending stock. LMG has made a new 5-year high when it breached 5.18. Next resistance is at 6.73. Support is estimated at around 4.90.
As of February 13, 2017, at 03:30PM, the volume is 91.94% of the previous trading day.
Online Foreign Brokers
From February 3, 2017 to February 13, 2017, 3 out of 11 active online foreign brokers traded LMG.
Online foreign brokers’ Buy Average: PHP4.03
Online foreign brokers’ Sell Average: PHP4.34
Number of net buyers among the participating online foreign brokers: 1 out of 3
HDI bought the biggest number of shares among online foreign brokers amounting to PHP2,637,600.00.
HDI sold the biggest number of shares among online foreign brokers amounting to PHP5,109,370.00.
Top 10 Players’ Sentiment
Participants with a 100% Buying and Selling Activity from Feb-03-2017 to Feb-13-2017 at 03:30PM:
5 out of 78 participants or 6.41% of all participants registered a 100% BUYING activity
11 out of 78 participants or 14.10% of all participants registered a 100% SELLING activity
Top 10 Players’ Buying Average: 4.6425
Top 10 Players’ Selling Average: 4.1426
Foreign Fund Flow
On a 30-day trading period, LMG is on a Net Foreign Buying worth PHP25,241.00.
LMG is an extremely high-risk stock based on our proprietary risk level indicator. Please don’t take this as an absolute indicator of a stock’s risk level. We advise that you calculate your personal reward-to-risk ratio.
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