Among all the Andew Tan owned publicly listed companies, Empire East Land Holdings, Inc. (ELI) is one that still trades below its par value along with Suntrust Home Developers, Inc (SUN). However, I’m not insinuating that any of them will go above their par value, just sharing a fact I noticed recently but you’ll never know especially when you spot a 5-month symmetrical triangle pattern forming on an uptrend like we have in ELI now. This triangle doesn’t look sexy as for my criteria but I’d consider it as one given the downward sloping resistance which is met by an upward sloping support that connects the lows in accordance with a diminishing volume. During the last trading session, it tested the triangle’s resistance which is currently at the PHP0.75 level then then went back down to close at PHP0.73 up by 4.3%. As the trend bias suggests (uptrend), the probability of a breakout becomes higher than a breakdown. In case the breakout from the symmetrical triangle occurs, our minimum target price could be PHP0.94. This was projected by adding the height of the triangle to the possible breakout point. Also, the stocks are moving above the 50, 100 and 200-day moving averages and the MACD is heading towards the positive territory which are bullish signals. Although, along the way, it could encounter some selling pressure at the PHP0.77, PHP0.81 and PHP0.84 resistances. On the breakdown side, the immediate support could be the 1-year uptrend. If that still fails to hold, the next support could be the 2-year uptrend. Trading this triangle, I’d personally cut my losses below PHP0.68.