The Responsible Trader

STOCK CHARTS AND ANALYSIS – AC

We are feeling extra generous today. Instead of our schedule to share our Stock Charts and Analysis of one Index Stock every week, due to popular request,  we are sharing two Index Stocks today:  AC (AYALA CORPORATION) and BPI (BANK OF THE PHILIPPINE ISLANDS).

In accordance with our Independence Day commitment, following is our Technical Analysis of AC (AYALA CORPORATION) as of June 22, 2015.

TA – The Responsible Trader’s Way – No Hyping, No Bashing, Just Plain Cold Facts.

Positive
1.   Strong uptrendline.  AC has a strong uptrendline and this had been tested several times.  It seems to have established strong support at the 200 SMA.

2.  Price action above 15 EMA and 20 SMA (Short Term Trend). Stock is able to maintain its price action above its Short Term Moving Averages showing bullishness on the Short term.

3.  Price action above 200 SMA. This confirms that the stock remains in Bull Territory.
Negative.

1. Tendency to break 50 SMA. Stock has a tendency to break 50 SMA which may appear alarming at times.

2, Last candlestick is a Hanging Man which could signify another pullback to trendline support.

NOTES:

1. Positive points are things that could work in your favor. Negative points are things that you have to watch out for.

The Chart and Analysis is presented for educational purposes only and should NEVER BE TAKEN as a RECOMMENDATION to BUY, HOLD, or SELL.
Please trade with CAUTION, please trade with CARE. As always, IT’S YOUR TAKE, IT’S YOUR CALL. IT’S YOUR MONEY AFTER ALL.

Good luck on all your trades