Stock in Focus: Ayala Corp. (AC)

FacebookPinterestPrintEmailShare this!

Holding firm Ayala Corporation (stock symbol: AC) averted a break to new lows as bulls took charge and brought price to the 580s, just several days after my last post.

Philippine Stock Exchange, Ayala Corporation_AC Daily chart, March 19, 2014

AC Daily chart, March 19, 2014

A break of resistance at 600 is still required to keep the ball in the buyer’s court. Next resistance lies at the 630-650 area. Meanwhile, critical support remains around 500-520.

The Stochastic indicator has moved down steadily, while price hangs on just above 560.

Do you have AC in your portfolio? Share your thoughts below!


Submit a Comment

Your email address will not be published. Required fields are marked *

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <s> <strike> <strong>


Forgot Password?

Join Us