Stock in Focus: Ayala Corp. (AC)

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Ayala Corporation (stock symbol: AC) is looking weak as it closed with a fresh weekly low on Friday. 500-520 will be up for grabs if we see further selling in the coming days or weeks. The 500 psychological level must remain protected if bulls want this stock to move higher.

The Money Flow Index (MFI) indicator will break through the 50 level if price will continue to decline.

TP’s Advice: Buyer’s must watch out – be careful.

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AC Daily chart, December 20

AC Daily chart, December 20

 

 

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