MEG – Megaworld Corporation – Free Analysis – September 19, 2017

Megaworld Corporation (MEG) appears to be correcting today and has broken intraday a possible support line. The moving averages, however, are still bullishly aligned. There is also not much volume on the red candle today. MACD is still bullish while RSI is also correcting and is at neutral levels. Support is estimated at 5.33 followed by 4.98 while resistance is expected at 5.48.

MEG - Daily Chart - September 19, 2017

Price-Volume Distribution

Majority of the volume was recorded at price 5.28 intraday. Majority of the trades were recorded at the same level. Current price is at 5.29.  This means that 5.28 is a significant level and may act as support intraday.

MEG - Price Volume Distribution - September 19, 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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