Stock: ALI
Company: Ayala Land Inc.
Support: 40.00 / 38.75
Resistance: 41.00 / 42.00


The stock opened at a gap down but managed to pare its losses by the end of the trading session. It closed just -0.25% lower at 40.30.

Indicators are starting to pick up higher sell signs, so there could be more challenges to ALI’s 40.00 support later today. Nonetheless, RSI is flat and not pointed downward. This, as MACD and DMI signal lines are showing stable selling pressure with a slight uptick in momentum.

Should the previously stated support be broken, ALI could settle at 38.55.

Recommendation

Hold

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