{"id":20649,"date":"2011-04-13T21:52:26","date_gmt":"2011-04-14T01:52:26","guid":{"rendered":"http:\/\/countingpips.com\/fx\/?p=20649"},"modified":"2011-04-13T21:52:26","modified_gmt":"2011-04-14T01:52:26","slug":"robinsons-land-corporation-rlc-poised-for-a-move-north","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/fx\/2011\/04\/13\/robinsons-land-corporation-rlc-poised-for-a-move-north\/","title":{"rendered":"Robinsons Land Corporation (RLC) Poised For A Move North"},"content":{"rendered":"<p><a href=\"http:\/\/www.laidtrades.com\/wp-content\/uploads\/2011\/04\/robinsons-land-corporation-RLC-April-13-2011.png\"><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter wp-image-8644 size-medium\" title=\"robinsons land corporation RLC April 13, 2011\" src=\"http:\/\/www.laidtrades.com\/wp-content\/uploads\/2011\/04\/robinsons-land-corporation-RLC-April-13-2011-300x170.png\" alt=\"robinsons land corporation, RLC philippine stocks, double bottom, john gokongwei, ron acoba, daily stock picks, stock market trading\" width=\"300\" height=\"170\" \/><\/a><\/p>\n<p>John Gokongwei-led <a title=\"Robinson's Land Corporation\" href=\"http:\/\/www.laidtrades.com\/category\/stocks\/philippines\/Robinsons-Land-Corporation\" target=\"_blank\">Robinson&rsquo;s Land Corporation<\/a> or RLC in the Philippine Stock Exchange had been trading on a downward  slope since November 2010. Recently, though, it is showing some signs of  a possible reversal.&nbsp;<\/p>\n<p>Since peaking at above<a title=\"Philippine Peso\" href=\"http:\/\/www.laidtrades.com\/category\/forex\/usdphp\/\" target=\"_blank\"> PHP<\/a> 18.00 last year, RLC&rsquo;s move south accelerated when it broke down from a <a title=\"Head and Shoulders Pattern\" href=\"http:\/\/www.laidtrades.com\/chart-patterns\/head-and-shoulders\/\" target=\"_blank\">head and shoulders pattern<\/a>.  Eventually, it found itself at a low of PHP 11.00. During the last two  months, however, RLC has been showing some signs that the market could  start to pick it up again. If you can see from the chart above, RLC  appears to have been bottoming already as it has been forming a possible  <a title=\"Double Bottom\" href=\"http:\/\/www.laidtrades.com\/chart-patterns\/double-bottom\" target=\"_blank\">double bottom pattern<\/a>. Also, it has already broken above its <a title=\"Downtrend Line\" href=\"http:\/\/www.laidtrades.com\/chart-patterns\/downtrend\" target=\"_blank\">downtrend line<\/a>.  A bullish reversal, therefore, would be confirmed if RLC is able to  move past the pattern&rsquo;s neckline at around PHP 13.50. If it does, it&rsquo;s  minimum upside target (gauged by projecting the height of the pattern  from the neckline) would be just below PHP 16.00. <\/p>\n<p>More on <a href=\"http:\/\/www.laidtrades.com\/\">LaidTrades.com<\/a> &#8230;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>John Gokongwei-led Robinson&rsquo;s Land Corporation or RLC in the Philippine Stock Exchange had been trading on a downward slope since November 2010. Recently, though, it is showing some signs of a possible reversal.&nbsp; Since peaking at above PHP 18.00 last year, RLC&rsquo;s move south accelerated when it broke down from a head and shoulders pattern. &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.investmacro.com\/fx\/2011\/04\/13\/robinsons-land-corporation-rlc-poised-for-a-move-north\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Robinsons Land Corporation (RLC) Poised For A Move North&#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-20649","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/20649","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=20649"}],"version-history":[{"count":0,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/20649\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/media?parent=20649"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/categories?post=20649"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/tags?post=20649"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}