LMG – LMG Chemicals Corporation – Free Analysis – September 15, 2017

LMG Chemicals Corporation (LMG) appears to have made a higher high in the short-term. Price is above all moving averages with the 200 SMA acting as support. The 15 EMA, 20 SMA, and 50 SMA are pointing upwards as well with the 20 SMA about to do a bullish crossover with the 50 SMA. Volume profile supports a bullish stance as well. MACD appears to be neutral to bullish while RSI appears to be moving sideways as well. Support is estimated at 4.13 while resistance is expected at 4.45.

LMG - Daily Chart - September 15, 2017

Price-Volume Distribution

Majority of the volume was recorded at price 4.39 intraday. Majority of the trades were recorded at the same level. Current price is at 4.39.  This means that 4.39 is a significant level and may act as either support or resistance intraday.

LMG - Price Volume Distribution - September 15, 2017

This intraday analysis is the free version of our premium Daily Stock Analysis service.  Our premium analysis has these components:

  1. Technical Analysis
  2. Fundamental Analysis
  3. Volume Analysis
  4. Foreign Fund Flow Analysis
  5. Online Foreign Brokers Transaction Analysis
  6. Top 10 Players Analysis
  7. Price-Volume Distribution Analysis
  8. Risk Level Analysis
  9. Analyst’s Overall Sentiment

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About the Author
The Stock Signals Philippines is the online news media arm of Equilyst Analytics. Inc., an SEC-registered stock market consultancy firm in the Philippines that guides Filipinos on long-term investing and short-term trading and offers mentoring services.

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