Leisure and Resorts World Corp. – Warrants (LRW) Technical Analysis
Leisure and Resorts World Corp. – Warrants (LRW) went up by 20 percent and closed at ₱2.40 on Monday, March 1, 2021. By the way, understand that warrants are not subjected to the 50 percent one-day ceiling rule. That’s the reason why it went by by over 90 percent in one day last time. Monday’s total turnover value reached ₱247,501,870 million.
LRW is open to foreign investors but their participation isn’t significant.
Due to the erratic and sudden spike in price for the past two trading days, LRW’s sensitivity level shoot up to nearly 380 percent, which means it got an extremely high sensitivity level already. This is not a newbie-friendly stock anymore.
LRW’s historical support is near ₱1.80, confluent with the 61.80 percent Up Fibonacci’s retracement. Its psychological resistance is near ₱3.40, confluent with the Up Fibonacci’s 61.80 percent extension.
Although the price action and volume are bullish, I see a hint of exhaustion on the Directional Movement Index. The +DMI has bent toward to the southward direction already.
Dominant Range Index
Dominant Range Index: Bullish
Last Price: ₱2.40
Intraday Low: ₱1.8200
Intraday High: ₱2.7200
VWAP: ₱2.4417
Dominant Range: ₱2.40 – ₱2.50
Market Sentiment Index EOD – March 1, 2021
Market Sentiment Index: NEUTRAL
5 of the top 10 brokers registered a positive Net Amount
5 of the top 10 brokers registered a higher Buying Average than Selling Average
Top 10 Players’ Buying Average: ₱2.4439
Top 10 Players’ Selling Average: ₱2.4337
7 out of 42 participants, or 16.67% of all participants, registered a 100% BUYING activity
4 out of 42 participants, or 9.52% of all participants, registered a 100% SELLING activity
Market Sentiment Index MTD – February 1-26, 2021
Market Sentiment Index: BEARISH
4 of the top 10 brokers registered a positive Net Amount
5 of the top 10 brokers registered a higher Buying Average than Selling Average
Top 10 Players’ Buying Average: ₱2.1813
Top 10 Players’ Selling Average: ₱2.1733
2 out of 55 participants, or 3.64% of all participants, registered a 100% BUYING activity
12 out of 55 participants or 21.82% of all participants registered a 100% SELLING activity
Recommendations
Do you already have a base on LRW and is your trailing stop intact? There is a confirmed buy signal for LRW based on my Evergreen Strategy 2.0. If you’re a high-risk investor, you may top up within the prevailing dominant range. If the dominant range I indicated above doesn’t show up within the first 15 minutes of the next trading day, request for LRW’s latest Dominant Range Index’s stats in our Private Clients Forum. However, you have the option to hold your position only if you’re a low-risk investor.
Meanwhile, consider the neutral Market Sentiment Index for EOD and the bearish one for MTD if you’re yet to enter on a new position. There’s a confirmed buy signal but none of the Market Sentiment Indices (aside from my observation on LRW’s DMI histogram) across two timeframes is bullish. Entertain the idea of doing a test-buy if, and only if, you’re a high-risk investor. Otherwise, stay on the sidelines or look for non-warrant stocks.
Learn How to Invest INDEPENDENTLY and Trade TACTICALLY
Let me mentor you through our stock market consultancy service. Learn my Evergreen Strategy in Trading and Investing in the Philippine Stock Market.
Click here to read the details of our stock market consultancy service.
Here’s what our clients say about us.
It is very helpful to long term investors like me
It is very helpful to long term investors like me to know what to buy and when to buy stocks for higher percentage of profit
His analytical style is very detailed and always shows references that supports his analysis.
His analytical style is very detailed and always shows references that supports his analysis. I can see that he is a very technical person and he has a lot of experiences and knowledge in the stock market that can help other people in this investment.
He has superior knowledge on stock trading.
I’m impressed of the way Mr. Jaycee do the analysis. It is always carefully and diligently studied with factual basis and evidence. He has superior knowledge on stock trading.
Truly exceptional analysis on stocks
Truly exceptional analysis on stocks,big help especially on beginners in stocks market
very helpful
very helpful
great and data driven
great and data driven
it's good, a lot aspiring trader and stock market enthusiast can learn from him
it’s good, a lot aspiring trader and stock market enthusiast can learn from him
...and I find it interesting and amusing
I’ve read your article about DITO cme and I find it interesting and amusing. I don’t have any background on investment but I think I understand it somehow. I just want to learn more.
Amazing, by the way he write his analysis, he seems like really talking to his reader.
Amazing, by the way he write his analysis, he seems like really talking to his reader. I think he will be a great mentor for a newbie like me.
give good advice
give good advice
- MA, BDO, ALI, URC, PX: Is Their Dominant Range Pointing to a Breakout? - March 14, 2025
- Tracking Market Sentiment: MTD Ratings for 30 Bluechip Stocks (March 2025) - March 13, 2025
- PSEi Stalls Below 6,260 as Market Awaits Political Shift - March 12, 2025
