{"id":20880,"date":"2011-04-30T07:47:48","date_gmt":"2011-04-30T11:47:48","guid":{"rendered":"http:\/\/countingpips.com\/fx\/?p=20880"},"modified":"2011-04-30T07:47:48","modified_gmt":"2011-04-30T11:47:48","slug":"bullish-set-up-seen-on-ayala-corporation-ac","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/fx\/2011\/04\/30\/bullish-set-up-seen-on-ayala-corporation-ac\/","title":{"rendered":"Bullish Set-up Seen On Ayala Corporation (AC)"},"content":{"rendered":"<p>&nbsp;<\/p>\n<p><a href=\"http:\/\/www.laidtrades.com\/wp-content\/uploads\/2011\/04\/ayala-corporation-AC-april-26-2011.png\"><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter wp-image-8817 size-medium\" title=\"ayala corporation AC april 26, 2011\" src=\"http:\/\/www.laidtrades.com\/wp-content\/uploads\/2011\/04\/ayala-corporation-AC-april-26-2011-300x170.png\" alt=\"ayala corporation, AC philippine stocks, jaime zobel de ayala, ron acoba, bullish flag, daily stock picks, stock market trading\" width=\"300\" height=\"170\" \/><\/a><\/p>\n<p>A  lot of issues have made some great moves yesterday. Don&rsquo;t fret, though,  if you missed yesterday&rsquo;s ride since the one of Ayala Corporation or AC  in the Philippine Stock Exchange will be coming to town soon.<\/p>\n<p>As you can see from the chart above, AC looks to be very much  positioned for a journey up north. AC has been on an uptrend since the  start of March before it temporarily peaked at PHP 400.00 on April 4.  After reaching the said high, it then consolidated into a small  descending channel. At present, AC is trading right at the uptrend  support. What&rsquo;s nice about AC&rsquo;s set-up is that its price action for the  last couple of weeks (descending channel) looks to be a part of a  bullish flag formation. If this is so and I think it is then AC could  aim for its previous high at PHP 424.00 or even more once a breakout  happens. <\/p>\n<p>More on <a href=\"http:\/\/www.laidtrades.com\/\">LaidTrades.com<\/a> &#8230;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>&nbsp; A lot of issues have made some great moves yesterday. Don&rsquo;t fret, though, if you missed yesterday&rsquo;s ride since the one of Ayala Corporation or AC in the Philippine Stock Exchange will be coming to town soon. As you can see from the chart above, AC looks to be very much positioned for a &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.investmacro.com\/fx\/2011\/04\/30\/bullish-set-up-seen-on-ayala-corporation-ac\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Bullish Set-up Seen On Ayala Corporation (AC)&#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-20880","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/20880","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=20880"}],"version-history":[{"count":0,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/20880\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/media?parent=20880"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/categories?post=20880"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/tags?post=20880"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}