Technical Insider

AC = 580 ( 0.9% ) AC will probably take a beating come monday... Primarily due to the bomb that was brutally placed to kill people inside the mall... (please offer a short prayer for all our brothers and sisters affected by this tragedy...) Add to that the sell off that happened last Friday that sent US market indicators plummeting more than 2%... Fibonacci retracements: 38.2% (healthy retracement - but unlikely to be a level of support) - AC most likely will breach this level 50% (halfway mark - might act as support but bearish sentiment might push the price lower...) Note: AC floor price will be at 345... MAs might act as support... I hope it does... Good luck to all AC traders...

AC = 590 ( 0.9% ) AC after reaching a high of 615 corrected/moved sideways to test support made by the previous gap down, which previously was a level of resistance. Applying a fibonacci retracement we can see that the 38.2% retracement at 530-535 is healthy and may continue to support the rally or uptrend. AC might look to test the resistance of the all time high at 615 after bouncing of the said gap down support, as evidenced by the higher lows and higher highs posted after the bounce. Resistance: 615 Support: 560 Good luck to all AC traders!

AC = 550 ( 2.8% ) AC continues to be bullish and closed the previous gap down to form a gap up white candle. Resistance - 560 - upper limit of gap down - 580 - 590 Support: 540 - upper limit of gap up

Ayala electronics unit to list at local bourse A unit of Ayala Corp. plans to list with the local bourse, the holding firm disclosed on Tuesday. Integrated Microelectronics Inc. (IMI), the electronics manufacturing arm of the Ayala group told the Philippine Stock Exchange that it would list its shares by way of introduction. The parent firm said IMI however has yet to submit its application for listing. "IMI is not pursuing an exemption from the registration requirements of the Securities Regulation Code as a result of various discussions with the [Securities and Exchange Commission] but instead may file a full-blown registration statement should it decide to pursue its listing," Ayala Corp. said. IMI, which is 70-percent owned by Ayala Corp., is a one-stop electronics manufacturing service (EMS) provider and original design manufacturer (ODM) operating in Asia and the United States. It offers original equipment manufacturers comprehensive manufacturing services and higher va...

AC = 510 ( 2% ) Disclosure: Sold almost half of my AC at 510. From the chart above I drew a very steep demand line for AC. Today's AC movement breached that demand line. AC has also been resisted from moving up for 5 straight day at 510. I left some AC because I'm a bit unsure of the breach, but I wanted to protect some of my profits, hence sold at resistance of 510. Also last night in the news, I was able to catch the report that Ayala Corp. has finished its buyback program -- buying back at least 1% If AC continues to consolidate I will take out most of my positions in AC and wait for it to find support and buy at support. Good luck to all AC traders! :)

Disclosure: Sold almost half of my positions in AC at 510. Break in demand line. Most likely consolidation in the short term. Also heard from Business Nightly that Ayala Corp. has finished buy back of almost 1-2% of its outstanding shares at around 490-500 :)

AC = 510 As you can see from the chart, AC has a very promising demand line that might be able to test the resistance formed by the recent gap down at 560-540. Will AC breakout of this resistance? Only God knows (as my teacher in Public Health - Statistics) and we can only find out as soon as the pattern unfolds :) Note: MACD of AC has been above the zero line for 3 periods :) Good luck to all AC traders