Charts: FLI high!

$FLI (Filinvest Land, Inc) is one of my favorite stocks in PSE, though as of the moment, I have no shares with FLI. I missed the buy level last September 9, 2016, which would have produced me close to 10% by now.

Figure 1: FLI Levels

FLI needs to punch through midpoint at Php1.95 to avoid a potential lower high, which as you know is a bearish indication which would mean that momentum has slowed down. Buy levels at Php1.81 - Php1.86, though you can buy on the levels posted, just make sure to calculate risk vs reward ratio before buying. A risk reward ratio of 3 is pretty good enough.

Figure 2: Bearish Butterfly on the Monthly

On harmonics perspective, I am looking at this potential butterfly setup on the monthly chart, with target prices as shown on the image. I will be bearish with the stock if it breaks below Php1.80.

On a side note, those who have been using Jared's SWAG and Mark Anthony's crossover system, they have issued a BUY signal. Volume is quite good also with statistics as shown below.

Stock name	FLI
Current Price	1.91
YTD Return	5.52%
52Wk High	2.08
52Wk Low	1.32
MVWAP (10 days)	1.86
MVWAP (20 days)	1.88
MVWAP (65 days)	1.94
MVWAP (252 days)	1.79
YTD Flow	-139,602,848.00
20D Ave Volume	10,836,850
50D Ave Volume	18,999,220
90D Ave Volume	18,576,678

CAVEAT!

Disclaimer: Trading is a risky thing and the post in this site are for educational purposes only. Equities and Forex Trading is speculative in nature and may harm every trader and investor by losing money. Thus, do not treat this post as a recommendation to BUY or SELL a stock or a currency pair. Blog contents are valid only on the date of publication and will be subject to change without notice. Thus, the reader is advised to take precaution, and is recommended to do their own studies before pressing the BUY and SELL buttons. I will not take any responsibility with the readers trading results.

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