{"id":19724,"date":"2011-02-21T20:15:30","date_gmt":"2011-02-22T01:15:30","guid":{"rendered":"http:\/\/countingpips.com\/fx\/?p=19724"},"modified":"2011-02-21T20:15:30","modified_gmt":"2011-02-22T01:15:30","slug":"i-smell-food","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/fx\/2011\/02\/21\/i-smell-food\/","title":{"rendered":"I Smell (FOOD)!"},"content":{"rendered":"<p style=\"text-align: center;\"><a href=\"http:\/\/www.laidtrades.com\/wp-content\/uploads\/2011\/02\/Alliance-Select-Foods-International-Inc-FOOD-February-22-2011.png\"><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter wp-image-8125 size-medium\" title=\"Alliance Select Foods International, Inc FOOD February 22, 2011\" src=\"http:\/\/www.laidtrades.com\/wp-content\/uploads\/2011\/02\/Alliance-Select-Foods-International-Inc-FOOD-February-22-2011-300x170.png\" alt=\"Alliance Select Foods International Inc., FOOD philippine stocks, alliance tuna, TUNA philippine stocks, bullish pennant, daily stock picks, stock market trading, ron acoba\" width=\"300\" height=\"170\" \/><\/a><\/p>\n<p>Good morning everyone! Speaking of mornings, I am very hungry since I  haven&rsquo;t had my breakfast yet. And guess what?! I smell (FOOD) from  outside my hotel room. Literally! Anyway,  today&rsquo;s stock feature is about Alliance Select Foods, Inc. or FOOD in  the Philippine Stock Exchange which was formerly known as Alliance Tuna  International, Inc. or TUNA. In my entry last February 3 (kindly see it <a href=\"http:\/\/www.laidtrades.com\/2011\/02\/03\/whats-cooking-food\/\">here<\/a>),  I suggested that FOOD could swing up to another level soon. However,  that did not pan out well as it just continued to move in a side way  fashion after springing to a high of PHP 1.85 from PHP 1.52 in a little  more than a week&rsquo;s time. Yesterday (February 21), though, a breakout  from now a complex pennant formation happened!<\/p>\n<p>As you can see from its daily chart, FOOD breached both the  psychological PHP 1.80 level and the pennant&rsquo;s resistance when it closed  at its high of PHP 1.82 from an opening and low of PHP 1.74.  Yesterday&rsquo;s price action, in my opinion, is very bullish since it as  mentioned it ended the day at its high. Notice the long green candle  which some call as a bullish morubozu in Japanese terms. Yesterday&rsquo;s  move was also supported by a relatively high volume, indicating that a  climb north would be sustained. Now, if buying interest remains (barring  any negative market reaction from the present situation in the Middle  East), FOOD could aim for its upside target of around PHP 2.12.<\/p>\n<p>More on <a href=\"http:\/\/www.laidtrades.com\/\">LaidTrades.com<\/a> &#8230;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Good morning everyone! Speaking of mornings, I am very hungry since I haven&rsquo;t had my breakfast yet. And guess what?! I smell (FOOD) from outside my hotel room. Literally! Anyway, today&rsquo;s stock feature is about Alliance Select Foods, Inc. or FOOD in the Philippine Stock Exchange which was formerly known as Alliance Tuna International, Inc. &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.investmacro.com\/fx\/2011\/02\/21\/i-smell-food\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;I Smell (FOOD)!&#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-19724","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/19724","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=19724"}],"version-history":[{"count":0,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/19724\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/media?parent=19724"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/categories?post=19724"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/tags?post=19724"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}