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.
Thank you for sharing your insights and knowledge
Thank you for sharing your insights and knowledge. Highly appreciated!!! Very useful in stock investing and trading.
keep it up share the blessings of our LORD
Good morning, i just read it now. Deposit will be made before lunch. More power jaycee and God bless, c
thank you for sharing your insights with us!
Its been almost 3 years since I subscribed to Jaycee’s blog, I find his blogs to be very useful in stock investing and trading. Keep up the great work sir Jaycee! and thank you for sharing your insights with us!
More power to you and to your company, Sir.
Hi Sir Jaycee,
Thank you so much for sending me emails every day. I really appreciate it, Sir. May the Lord bless you, Sir, not only financial but also good health sir. I am hoping someday I can enroll in one of your training sessions.
More power to you and to your company, Sir.
good insights
Thank you, JC for your good insights..more power and keep up the good work.
It helps me a lot in my trading.
Thank you for sharing your knowledge. It helps me a lot in my trading.
I learned a lot from all your analysis
I learned a lot from all your analysis but since I’m a newbie in stock trading please advise reading materials for our reference. Thanks! You’re great!
hindi nakakalito
Maganda ang pagtuturo. Organized ang stock recos para sa mga trader at investor. Hindi magulo. Nakahiwalay ang para sa trader at yung para sa investor. Hindi ka malilito.
very informative
I find your emails very informative. Keep posting them. Many thanks.
very comprehensive, informative, easy to understand, reliable and an article worth receiving every day
It’s been 2+ years when I first started with the stock market. At first, I joined FB groups, liked FB Pages, subscribed to Stock Guru’s newsletters/analysis and many many more just to learn the jargons, FA, TA, etc. Back then, I’ve been receiving tons of emails every day which helped me in my Stock Market Journey. But what called my attention the most is Sir Jaycee’s Analysis. It’s very comprehensive, informative, easy to understand, reliable and an article worth receiving every day. Indeed an absolutely superb Analysis! Please continue to inspire, guide and impart the knowledge you have to us. We really appreciate it. May God BLESS you a thousand folds.
- 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
