While I wasn’t able to ride the other highflyers in the PSE last year, I managed to find one stock that was worth trading. The holding period was slow but worth it.

To give you a quick gist on what stock I held onto for almost two months, AyalaLand Logistics Holdings Corp. ($ALLHC) is a company that focuses on real estate and property development here in the Philippines.

They currently own a couple of technoparks located in Laguna, Cavite, Lagundingan, and Pampanga.


Buy On Earnings Hype?

As far as fundamentals are concerned, the only significant news that I saw was that it reported over Php 30 million income in their third quarter earnings report last November 13, 2020.

A few days after its earnings, I observed in our lazy technicals that it was about to break a Fibonacci level based on this initial plot that I did in the hourly chart.


A Paradiso 2nd Variation Was Taking Place – a breakout in the assumed Wave 3 would be my entry


However, as far as the reward potential is concerned, I observed that the 261.8% Fibonacci level was not in confluence with the resistance levels that I wanted it to reach (boxed in the charts) which resulted in re-plotting the retracement.


Now the plot made a bit more sense


From a 14% reward potential, I was able to find a higher target that was in confluence with the Fibonacci levels.


Defense Is Still A Great Offense

Although I wasn’t able to hold longer to my expected target, I observed that the price resisted near the 141.40% levels and I didn’t even recount the Elliott Wave in the process of making this trade plan because I was fixated on the idea that 3.00 is a psychological resistance.


Exit by PSAR Trail Stop


This was a high risk hold from this perspective because I was trying to decipher where Wave 5 would go in this scenario but I managed to approach this trade with a defensive mindset.

Not to mention I found this bearish divergence in the 15-minute timeframe that made me more cautious in securing profits.


Bearish divergence in the 15-minute timeframe; EMA 200 also broke down


During this time I was observing if 3.70 would hold intraday so I looked for a trail stop signal to secure profits and I found the Parabolic SAR was about to change to downtrend.

If you’ve read about my Trinity Philosophies, I’ve applied Paradiso in this context with the goal of riding the trend as long as I can and I managed to secure decent gains.


I actually had two exit triggers: the rejected trigger that you see here was my previous trail stop (3.19)  But it was also a good backup trigger in case my recent exit trigger (3.64) got rejected.


If AyalaLand Logistics Holdings Corp. releases a disclosure that can spark the investors’ interest this year, then a path to reaching 4.00 is much likely possible.

Catch my live charting sessions by subscribing to my YouTube channel. I do live streams every Sunday at 3PM on the Philippine markets and Tuesdays, 9PM on the crypto markets.

On to the next trade!


Featured Image by Mohamed Hassan/Pixabay