{"id":20632,"date":"2011-04-12T21:57:41","date_gmt":"2011-04-13T01:57:41","guid":{"rendered":"http:\/\/countingpips.com\/fx\/?p=20632"},"modified":"2011-04-12T21:57:41","modified_gmt":"2011-04-13T01:57:41","slug":"buying-opportunity-on-ayala-land-inc-ali","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/fx\/2011\/04\/12\/buying-opportunity-on-ayala-land-inc-ali\/","title":{"rendered":"Buying Opportunity On Ayala Land, Inc. (ALI)"},"content":{"rendered":"

\"ayala<\/a><\/p>\n

“Float like a butterfly, sting like a bee.” Just Like what happened in the Thrilla In Manila, Ayala Land, Inc.<\/a> or ‘the ALI’ of the Philippine Stock Exchange appears to have found its second wind after faltering for about seven months now.<\/p>\n

You see, ALI had been trading on a downward slope since it peaked at PHP<\/a> 18.70 back on September 9, 2010. It gradually fell and even marked a low of PHP 13.70 this February. Luck, however, turned to its favor when it rebounded from the said low and eventually broke free from its seven-month downtrend line<\/a>. All along, it was in fact bottoming into a bullish complex cup and handle pattern<\/a>.<\/p>\n

Three trading days ago, ALI broke out from the mentioned cup and handle formation. Now, if we project the height of the cup from the point of breakout, we would get a target price of just above PHP 18.00. With the RSI, though, in the overbought territory already, ALI could lay off for awhile before it continues its ascent. Therefore, any dip in its prices as long as it stays above PHP 16.00 could be taken as a buying opportunity. <\/p>\n

More on LaidTrades.com …<\/a>
<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

“Float like a butterfly, sting like a bee.” Just Like what happened in the Thrilla In Manila, Ayala Land, Inc. or ‘the ALI’ of the Philippine Stock Exchange appears to have found its second wind after faltering for about seven months now. You see, ALI had been trading on a downward slope since it peaked … <\/p>\n

Continue reading “Buying Opportunity On Ayala Land, Inc. (ALI)”<\/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-20632","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/20632","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=20632"}],"version-history":[{"count":0,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/20632\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/media?parent=20632"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/categories?post=20632"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/tags?post=20632"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}