clair097

Ayala Land, Inc. ALI technically completed the Bearish Gartley harmonic pattern and fully tested the PRZ (Potential Reversal Zone ) around 39.56~40.95. See previous analysis of this harmonic pattern for reference: https://psetrends.blogspot.com/2017/05/ali-price-action-update.html Trading Plan - As noted in the previous analysis, completing the harmonic pattern is a potential profit taking opportunity. Scale down position or take some profit and profit run the rest of the position using trailing-stop.

Ayala Land, Inc. ALI is potentially forming a Bearish Gartley harmonic pattern with a PRZ (Potential Reversal Zone) around 39.56 (39.56~40.95 range). The recent breakout from its immediate resistance area around the B leg gives it a higher probability of completing the harmonic pattern. Trading Plan - Avoid for now if you are not it a trade yet. - The PRZ area is a potential profit taking zone.

Ayala Land, Inc. ALI's price action after a Head-and-Shoulder Top breakdown is now getting closer to its projected breakdown price target around 32.20~32.60. It also recently broke the immediate support at 33.60. *At extreme oversold territory. Trading Plan - Observe the price action for now as it gets closer to the breakdown target. - Buy the reversal pattern near or around the breakdown target area (ideally with a confirmation before entry). - A potential position trade opportunity if the price drops near or below 31.