Tuesday, September 2, 2008

PHILIPPINE STOCKS: ALI (AYALA LAND, INC.) 9-2-2008


ALI is showing signs of a possible reversal from a downtrend to an uptrend by forming a reverse head and shoulders formation as what is seen in the chart. In case it breaks out from the area pattern, a good entry price for this is 11.5 with a minimum target of 13.5 based on technical analysis. Click image to enlarge!

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