{"id":18858,"date":"2011-01-29T06:21:37","date_gmt":"2011-01-29T11:21:37","guid":{"rendered":"http:\/\/countingpips.com\/fx\/?p=18858"},"modified":"2011-01-29T06:21:37","modified_gmt":"2011-01-29T11:21:37","slug":"more-upside-seen-on-fil-estate-land-lnd-part-2","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/fx\/2011\/01\/29\/more-upside-seen-on-fil-estate-land-lnd-part-2\/","title":{"rendered":"More Upside Seen On Fil-Estate Land (LND) Part 2"},"content":{"rendered":"<p><a href=\"http:\/\/static.seekingalpha.com\/uploads\/2011\/1\/29\/650046-129629968295601-lytman02_origin.png\"><img decoding=\"async\" src=\"http:\/\/static.seekingalpha.com\/uploads\/2011\/1\/29\/650046-129629968295601-lytman02.png\" alt=\"\" hspace=\"6\" vspace=\"6\" \/><\/a><br \/>Fil-Estate Land (<a href=\"http:\/\/www.laidtrades.com\/category\/stocks\/philippines\/fil-estate-land-inc\/\" target=\"_blank\">LND<\/a>) hit the stock market headlines once again yesterday when it surged by 9.63% from opening of PHP 2.23 to a closing of <a href=\"http:\/\/www.laidtrades.com\/category\/forex\/usdphp\/\" target=\"_blank\">PHP<\/a> 2.39.  Now, a lot of you might be asking if there is still some more upside on  this issue. remember that back in December 23, 2010, LND was just  trading at around PHP 1.03. So given its price action from that time to  present, I would say that yes, LND could still move higher. As you can  see from its chart above, it just broke out again from a symmetrical  triangle. This breakout could be considered valid given the amount of  volume the move had. By projecting the height of the symmetrical  triangle from the point of breakout, LND could head towards the PHP 2.90  level. It&rsquo;s uptrend from December is well intact, therefore, any dip in  the prices as long as it is above or along the uptrend could be taken  as a buying opportunity.<\/p>\n<p><a href=\"http:\/\/static.seekingalpha.com\/uploads\/2011\/1\/29\/650046-129629970841271-lytman02_origin.png\"><img decoding=\"async\" src=\"http:\/\/static.seekingalpha.com\/uploads\/2011\/1\/29\/650046-129629970841271-lytman02.png\" alt=\"\" hspace=\"6\" vspace=\"6\" \/><\/a><br \/>Over  the longer horizon, you can see that LND for the most of the decade was  just trading within a trading range or a rectangle or a box before it  broke out last December. The breakout from the trading range gives us  the same upside of PHP 2.90, more or less. As you can notice, the recent  upward movement that it is doing has been consistently supported by  amount of participation. And as long as buying interest remains, the  chances of it reaching its upside target is pretty good.<\/p>\n<p> More on <a href=\"http:\/\/www.laidtrades.com\/\">LaidTrades.com<\/a> &#8230;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Fil-Estate Land (LND) hit the stock market headlines once again yesterday when it surged by 9.63% from opening of PHP 2.23 to a closing of PHP 2.39. Now, a lot of you might be asking if there is still some more upside on this issue. remember that back in December 23, 2010, LND was just &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.investmacro.com\/fx\/2011\/01\/29\/more-upside-seen-on-fil-estate-land-lnd-part-2\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;More Upside Seen On Fil-Estate Land (LND) Part 2&#8221;<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-18858","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/18858","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/comments?post=18858"}],"version-history":[{"count":0,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/18858\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/media?parent=18858"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/categories?post=18858"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/tags?post=18858"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}