Stock Analysis - JayceeDeGuzman.com

DISCLAIMER: I was not commissioned by any company to write about this stock review. The contents of this article are based on my own analysis and interpretation.  I am writing this report not to solicit buyers or sellers of the stock being reviewed. I would recommend you to do your own analysis if you’d like to confirm the information that is presented in this article.

MEGAWORLD CORPORATION (MEG) Stats

Trend: Up
Current Share Price: PHP4.90
Support: PHP4.83
Resistance: PHP5.01
MACD: 0.1431
DMI: 26.82
RSI: 62.06
Stochastic: 59.15
Volatility Ratio: 0.34
QStick Indicator: 0.0475

MEGAWORLD CORPORATION (MEG) - 10.04.2014 Stock Review

Observations

On October 3, 2014, MEG ranged between PHP4.84 to PHP5.00. It closed at PHP4.90, which was 1.45% higher than the closing price on October 2, 2014.

MEG remains bullish MACD-wise. MACD is above the zero line and the signal line.

MEG’s bulls are directionally stronger than bears as seen on its DMI.

Although MACD shows that MEG is already bullish, RSI shows that MEG has not stepped into the confirmed bullish zone with its current RSI score of 62.06.

MEG is neither oversold nor overbought with its current Stochastic score.

MEG’s volatility ratio gives no clue for a breakout on Tuesday. However, remember that MEG’s volatility ratio last Thursday was even lower but it still broke Thursday’s closing price.

QStick shows that the buying force remains stronger than the selling force for the past 8 trading days.

Note that 18 out of 45 brokers recorded a positive Net Trade on MEG yesterday. Out of 18, 12 went all-in. On the other hand, 10 out of 27 brokers with a negative Net Trade went all-out on MEG. Will bulls continue to run on Tuesday? If so, do you already know the best price where you should enter a new position or buy more shares?

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Jaycee De Guzman

I am the founder and CEO of iPresence Digital Marketing, Inc. and Equilyst Analytics, Inc. At iPresence, we have been helping SMEs reach and dominate the global market through our digital marketing services since 2001. At Equilyst, we have been helping Filipinos experience a simplified and profitable stock trading and investing experience in the Philippine Stock Market since 2014.
Jaycee De Guzman

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