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VLL – Potential Bearish Three Drives

21 Jul

Potential Bearish Three Drives


VISTA LAND AND LIFESCAPES, INC. (PSE:VLL) This is probably the most “sexy” Three Drives (development) pattern I have ever seen. The symmetry is beautiful. That aside, VLL has been slowly trending up and is in fact approximately +50% from the years low. Are we seeing the development of the third drive? The first hurdle is the recent high of 3.38, 3 flucs from today’s close. If VLL fails to breach it, let’s talk again. Maybe that PPP project near daang hari might do the trick. Surely that will benefit VLL’s properties.

NOTE: I haven’t included in the three drive pattern in the “Harmonic Patterns” page because this pattern is quite uncommon and is basically a couple of AB=CD patterns in succession.

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Posted by on July 21, 2011 in Bearish Three Drive, VLL

 

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