ALI

Stock: ALI
Company: Ayala Land Inc.
Support: 36.80 / 34.50
Resistance: 40.00 / 42.40


Maintained its immediate support level at EMA20 (36.80) as it corrects from overbought condition.

If momentum is sustained above RSI50, ALI may build a trading range between 36.00 – 40.30.

However, strong support level is seen on EMA200 (35.00).

  • Strong intraday rebound
  • Sustained momentum and support based

Recommendation

Range trade

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Technical Input: ALI | October 28, 2020

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