ROCK, LMG, X – Free Analysis – December 8, 2017

Rockwell Land Corporation (ROCK) continues its uptrend and has formed a higher high based on the closing candle. The moving averages are bullishly aligned with the 15 EMA possibly acting as support. The volume profile seems to support a bullish bias. MACD is also bullish. RSI is showing a bearish divergence though. Support is estimated at 2.47 while resistance is expected at 2.59.

ROCK - Intraday Chart - December 8, 2017

Price-Volume Distribution

Majority of the volume was recorded at price 2.50. Majority of the trades were recorded at the same level. Current price is at 2.53. This means that 2.50 is a significant level and may act as support intraday.

ROCK - Price Volume Chart Intraday- December 8, 2017

LMG Chemicals Corporation (LMG) made a breakout today as it forms a higher high. The 15 EMA and 20 SMA are acting as support. The 50 SMA, however, is acting as resistance. Volume though is not that convincing. MACD is also bullish. RSI is also bullish but is not at overbought levels yet. Support is estimated at 4.30 followed by 4.13. Resistance is expected at 4.55.

LMG - Intraday Chart - December 8, 2017

Price-Volume Distribution

Majority of the volume was recorded at price 4.40. Majority of the trades were recorded at the same level. Current price is at 4.39. This means that 4.40 is a significant level and may act as resistance intraday.

LMG - Price Volume Chart Intraday- December 8, 2017

Xurpas Inc (X) appears to start a bullish trend and has at least formed a higher high in the short term. The 15 EMA and 20 SMA, combined, are still acting as resistance. Volume is not that convincing of a bullish run yet. MACD is bullish. RSI has relieved oversold levels already. Support is estimated at 3.50 while resistance is expected at 4.00.

X - Intraday Chart - December 8, 2017

Price-Volume Distribution

Majority of the volume was recorded at price 3.66. Majority of the trades were recorded at 3.70. Current price is at 3.65. This means that 3.66 and 3.70 are significant levels and may act as resistance intraday.

X - Price Volume Chart Intraday- December 8, 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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