X: Potential buy signal but limited upside

Xurpas, Inc.

Bullish Hammer formed up at the key support area (a bullish trend reversal candlestick pattern).
*Pattern reliability = low (Lit Wick)

- Immediate support at 10.76 (previous resistance prior to breakout now becomes support).
- Bullish pattern developing on MACD.

Trading Plan
- Test buy at current support area.
- Limited upside with short term TP around 12.6~12.88 (higher reliability TP at 11.90~12.00).
- Stop-loss around 10.2 or 10.3 for a risk/reward ratio of at least 1:2.

HOUSE: Potential buy near support area

8990 Holdings, Inc.

HOUSE is revisiting the PRZ (Potential Reversal Zone) of the previous Bullish AB=CD harmonic pattern after hitting the 2nd retracement target around 8.00.

*Immediate support around 7.0.
*Immediate resistance around 7.5.

Trading Plan
- Buy near support area for a position trade.
- Short term TP around 7.5~7.95.
- Tight stop-loss at 6.85 for a risk/reward ratio of at least 1:3 (assuming an entry near 7.0).

AC: Consolidation mode

Ayala Corporation

AC is now potentially consolidating in an Ascending Triangle pattern (a bullish pattern) after failure to break the immediate resistance at 800. A breakout from this pattern will have a measured target of around 736. As the consolidation pattern suggest, a pullback towards 760 level is still possible.

Trading plan in the previous post was a done trade already after hitting 800 short term target:
http://psetrends.blogspot.com/2015/07/ac-trading-buy-near-support.html

Trading Plan
- Buy on breakout that is supported by high volume (TP = 864).
- Or accumulate on dips near 760 with tight stop just below 745 or 736. Near term TP on this entry is around 800 (potential scale down price) and profit run the rest of the position (using trailing stop). Risk/reward ratio remains decent at a minimum of 1:2.

ALI: Inverse H&S + Bearish Shark pattern

Ayala Land Inc.

Potentially forming an Inverse Head-and-Shoulder pattern (bullish). A breakout from this pattern will have a measured target of around 42.

Also potentially forming a Bearish Shark harmonic pattern with potential reversal zone between 40~42.

Immediate support at 36.75.
Immediate resistance at 38.9

Trading Plan
- Test buy near the immediate support area with stop-loss just below 35.7 and a TP of 40~42 (risk/reward ratio of at least 1:3).
- Also a potential buy on breakout from Inverse Head-and-Shoulder pattern with an initial TP of 42.

Inverse Head-and-Shoulder pattern

Bearish Shark harmonic pattern