AC - Ayala Corporation

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June 4, 2011 Checklist:

Price above 65MA -YES
MACD above zero (buy zone) - YES
MACD cross for buy -  YES
DMI with ADX rising > 30   - NO
RSI overbought?  no
RSI divergence? no


Comments:

There seems to be a DIVERGENCE as Price Action makes a double top, and the RSI failed to do the same (make a lower high).  

Else, the setup looks ok.  Just wait for the momentum to pick up.  

Noticeably, there's a huge volume a few days ago.  What could that mean?

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June 11, 2011 Checklist:

Price above 65MA -YES
MACD above zero (buy zone) - YES
MACD cross for buy -  YES
DMI with ADX rising > 30   - NO
RSI overbought?  NO
RSI divergence? NO

Comment:

AC is ready to play NOW!   My take:  Start accumulating on this one, or you can wait for ADX to pick up and show more momentum!  Definitely on my watch list.

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AC declares cash dividend:

http://www.pse.com.ph/html/disclosure/pdf/2011/pdf/dc2011-4447_AC.pdf



 

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June 18, 2011 Checklist:

Price above 65MA - NO
MACD above zero (buy zone) - NO
MACD cross for buy -   NO
DMI with ADX rising > 30   - NO
RSI overbought?  NO
RSI divergence? NO


Comment:

What difference a week can make.  Now, all indicators are pointing SELL.   But AC being a heavyweight, is it a good time to accumulate and wait for the good time to roll back?  Very dangerous ... and must have loads of money to spare and wait if you plan to hold.  It might be a long wait specially if the support trend line breaks.  But if it bounces?   

Me?  Will wait for better times.

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CASH Dividend

Value            P2.00 per share
Ex-Div Date   27-Jun-2011    
Record Date     30-Jun-2011    
Date Payable   26-Jul-2011

http://www.pse.com.ph/html/disclosure/pdf/2011/pdf/dc2011-4447_AC.pdf



STOCK DIVIDEND

Value            20%
Ex-Div Date   30-Jun-2011
Record Date     05-Jul-2011    
Date Payable   29-Jul-2011

http://www.pse.com.ph/html/disclosure/pdf/2011/pdf/dc2011-4670_AC.pdf


 

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June 30, 2011 – P319 (adjusted due to dividend)

Price above 65MA – YES (just crossed today)
MACD above zero (buy zone) – YES
MACD cross for buy – YES
DMI with ADX rising > 30 – NO
RSI overbought? NO
RSI divergence? NO


Comments:

Price making a Higher Low.  If it breaks the resistance, then a BUY is in the works! ALERT mode on this stock.

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Jan 13, 2012 – P340.80

Price above 65MA – YES
MACD above zero (buy zone) – YES
MACD cross for buy – YES
DMI with ADX rising > 30 – YES
RSI overbought?  YES
RSI divergence? NO


Comments:

Will wait for a dip/correction, before buying again.  Most probably if it bounces back on 65MA.  This is going to be a long wait.

New Strategy, when PA bounces on 65ma - BUY!   And when it crosses back and breaches 16ma - SELL!  Of course MACD must "agree" and momentum must be present.  Volume is a nice indicator too.

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Jan 13, 2012 – P359.20

Price above 65MA – YES
MACD above zero (buy zone) – YES
MACD cross for buy – YES
DMI with ADX rising > 30 – YES
RSI overbought?  YES
RSI divergence? NO


Comments:

Wow, PRICE just continue to zoom up up and up.  If I have stocks in here, I would still hold.  If I dont have any, I would think twice before I would buy.

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Feb 9, 2012 – P389

Price above 65MA – YES
MACD above zero (buy zone) – YES
MACD cross for buy – YES
DMI with ADX rising > 30 – YES
RSI overbought?  YES
RSI divergence? NO


Comments:

Will it still have enough power to move up up and up?