Company: Ayala Land Inc.
Resistance: 39.90 / 40.75
The trek back up the 50-d MA seems to be challenging for ALI. This, as the stock failed for three straight trading days to climb higher than its now-resistance level of 39.90. Nevertheless, it is still tucked between its month-long range of 37.50-40.75.
The indicators are mixed with a more bearish bias. The RSI sank into the selling region, and the -DI, +DI gap widened. However, the latter’s momentum is showing signs of plateauing. The MACD, on the other hand, is on neutral. The histograms are flattish.
Buy when support holds.