MAC – Macroasia Corporation – Intraday Analysis – August 29, 2017

MAC is showing a possible reversal today but is still not that convincing yet. Price is still below the 15 EMA and the 20 SMA. Volume profile though is still thin. MACD is bearish while RSI is currently neutral. Support is estimated at 9.84 while resistance is expected at 10.60.

MAC - Daily Chart - August 29, 2017

Price-Volume Distribution

Majority of the volume and trades were recorded at price 10.60 intraday. Current price is at 10.60 as well. This means that this level is still estimated as intra-day support.

MAC - Price Volume Distribution - August 29, 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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