AYALA CORPORATION

After falling below 500 per share, the bulls seem to have gained control over the bears, at least in short term. Looking at the daily chart we could see that AC is trading within a range. The resistance and the support lines are parallel to each other and forming a descending channel. In case it will continue to go up then we might see AC at 600. Of course it wont be heading there in a straight line.

Caveat!

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  1. […] falling below 500 per share, the bulls seem to have gained control over the bears. AYALA CORPORATION Reply With […]

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