Bearish pattern for ALI

ALI may go down for the upcoming days because the last candlestick displayed looks like a bearish candlestick. Aside from that, you will see a formation called Bearish AB=CD pattern which is not a good looking formation. This is also confirmed by the RSI's value hit the resistance trendline.

CEB may go down after this Bearish AB=CD pattern

CEB rallied today with a gain of 5.69%. But if you look in the chart below, there may be a possibility for this stock to go down because 4 bearish signs in the chart.

1. Bearish AB=CD pattern.
2. RSI is already overbought.
3. Price is on top of  Bollinger top band.
4. Gap that needs to be filled.

Market Talk (ALI, FLI, MWIDE)

Property: ALI plans to build mall in Legazpi City. Ayala Land Inc. (ALI BUY) plans to invest PHP1b to build a mall in Legazpi City, Albay. This mall is expected to operational by December 2015. 

Infrastructure: FLI and MWIDE qualified to bid for ITS PPP project. The Business Mirror reported yesterday that Filinvest Land Inc. (FLI-BUY) and Megawide Construction Corp. (MWIDE-Not Rated) have qualified to bid for the Integrated Transport System (ITS)-Southwest Terminal project worth PHP2.5b. The winning bidder will get a build-to-operate contract for a period of 35 years.

Economy: Dec inflation eases to 2.7%, FY14 at 4.1%. Headline consumer inflation eased further to 2.7% in December, bringing FY14 average to 4.1%. Food and non-alcoholic beverages exhibited further price deceleration to 5.5% in December (from 6.5% last month) which the central bank (BSP) attributes to ample domestic supply. Notably, housing and utilities prices decreased 1.6% in December which BSP believes stems from a downward adjustment in electricity rates resulting from lower generation charges in the Wholesale Electricity Spot Market as well as price reductions in kerosene, LPG, diesel, and gasoline. Core inflation which takes away certain food and energy prices slowed down to 2.3% in December from 2.7% the previous month. BSP says December inflation affirms its assessment of manageable price increases and forecasts average inflation of 3.0% in FY15 and 2.6% in FY16. 

- Maybank ATR

MWC bearish ABCD was confirmed

After a successive rally, MWC encountered a bearish ab=cd pattern. This was confirmed by doji followed by marubozu candlesticks. 

It may pullback down to 30.07 which is the 50% fibonacci level and kijun-sen line. If it breaks, it may go down to 28.60 (flat kumo).

Caveat.