Will it retest 41?

ayala-land-inc

ALI went up by 1.6% to close at 40.30 per share. Notice that on its previous price movement, ALI bounce after touching the support slope. Looks like it is doing the same this time? If price will continue to move up then it will retest the resistance at 41.x

Ichimoku elements are telling us the ALI is still in a bullish trend. Support aside from the slope is the 39.85 Kijun Sen line.

Relative Strength Index or RSI is at 52

Caveat!

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felix

A computer engineer by profession and loves to develop online systems/websites. A self-taught stock trader who loves to share his knowledge and enjoys learning, expanding knowledge and staying well-informed. Most often he uses candlesticks, Fibonacci Retracement levels, Ichimoku system on his technical analysis but loves to hear some rumors as well.

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