Tuesday, May 6, 2014

Ayala Corporation (AC) - May 6, 2014

Technical View
Daily Chart
> It seems that Ayala Corporation is forming a Possible Bearish Deep Crab Harmonic Pattern with Potential Reversal Zone (PRZ) at 644. The PRZ also coincides with 38.2% Fibonacci Fan.
> The 141% Fibonacci Extension (626.44) is serving as resistance.
> Support is seen  at 50% Fibonacci Fan and 127.2 Fibonacci Extension (614.85).
> RSI is currently at 61.32 (Based on 30-Day Period). Resistance at 63.


















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