Filinvest Land Inc. (FLI)

6-Month Daily Chart



Now that the initial condition of the system - formation of a higher peak -
is triggered today, the next condition is wait for a correction.

Optimal entries:
50% Fib retracement: 1.10
Gap support : 1.11-1.13.

Initial target will be placed at the new resistance at 1.20.
Immediate upside potential : 9%.

But with the fresh signal, 1.20 is highly likely to be taken out.

Long term upside potential : 36.36% - Lower end of entry 1.10 to 6-month high of 1.50.

**However, prices dropping back to 1.01, despite of looking attractive because of the false notion of "cheaper", would appear to be bearish as it could cause a formation of a lower peak again thus forming a bearish continuation pattern.

Also, the formation of lower peak is a system sell.