Trader's Logbook

BLOOM made a 4.92% run last week and based on the weekly chart we could see BLOOM is just starting. Daily chart shows the slope and the 50% Fibonacci Retracement level has been helping block the price in going down. BLOOM may try this week to see how strong the resistance at 38.2% will be. [...]

Is it a last call for SLI to jump ship or its the base for the jumping board? SLI continuously going south as traders continue to put selling pressure. RSI or Relative Strength Index is now at 19.20. Will this going to attract traders to push the price up and making a support line or [...]

MEG went down by 3.10% last Thursday as the bulls retreated to find a good support and it seems they were able to control the bears last Friday. Based on our chart we could see a horizontal channel that MEG’s price is currently moving. Is this going to be the track that MEG will follow? [...]

Few days after we saw FLI trying to break the resistance, it is now flying high. Some may think they need to chase FLI before it will go up further in the coming days but I think we can still get a better price once those who gained will liquidate and price will go near [...]

FGEN is not yet an “abandon ship” as its support line is still trying to hold the price not to go low. Although it has been in an extended time now, there is some bullish sentiment on our weekly chart. But if in case the price will be dragged down south then this might hit [...]

CPG is on the radar of many traders last week. Last Friday CPG went up by 1.79% but looking at the weekly chart it still have bearish sentiment. Last week I was waiting for it to touch around 23.6% Fibonacci Retracement level or even further to the lower slope but it didn’t happen. Still near [...]

CPG is down again but with relatively low volume. After it hit the upper slope last Tuesday, the price keeps on retracing and is now in the middle between upper and lower slope. Is CPG going to follow the trend it is forming? Will it touch again the lower slope as found on our chart? [...]

Last time we look into GERI we thought the Flag on GERI will help us get some good point for bounce but it failed and it continued to move within the downward channel. Currently the price is touching the lower slope and 38.2% Fibonacci Retracement level. The sell down was felt with relatively big volume. [...]

COSCO is down for two straight days although today it was able to get back on its feet. It closed at 16.74 after it hit as low as 17.04 bouncing from 38.2% Fibonacci Retracement level. It might be too early to say that it will form a wedge but if it would be the case, [...]

After the rally yesterday, Philippine Stock Exchange Index declined by 81.26 points or 1.11% to 7,310.94 Top gainers were led by ATN, FJP and REG. Most of the Most Active Stocks were in red except for SM and MPI. AGI and MEG went down by 3.45% and 3.10% respectively. PXP continued to go down, today [...]

Is it GoodBHI (bye) for BHI? after it failed to bounce from the slope it used to bounce on to? Currently BHI is moving outside from the channel and testing the 23.6% Fibonacci Retracement level. If support will fail, panic selling will drive this stock below 0.17 I think as of this time sentiment is [...]

Interesting formation has been developed on STI. Few weeks ago it hit 1.07 (which is also a high last February) then find its way back to 20-day SMA line. JP Morgan holding some shares this month without selling and the King of Tsupit selling only half of its shares this month. Is this going to [...]

TA’s rally wasn’t sustained. It went up as high as 2.85 but settled 1 fluc below its opening price. The price is above the 2.72 which was the highest intraday price last few weeks ago. This could be considered an immediate support for TA although it is not really strong. Still the strong support can [...]

Is the Shooting Star pattern we have today just a representation of the test of support at 50% Fibonacci Retracement level and the 20-day SMA line or it will be a bad signal telling us that bulls have receded. Unless this candlestick will be confirmed tomorrow via large red candlestick, then this is just a [...]

Philippine Stock Exchange Index closed 7,392.20 with bullish sentiment still intact. Top gainers were led by HI, RPL and PRMX. Blue chip SMPH moved up by 3% closing at 20.60. Start of the long awaited rally? COSCO, traders favorite, upsets a lot of traders as it move south in the afternoon declining 4.59% at the [...]

90.5% of the volume today was traded at 12.44 but it would have been more bullish if it close at the highest price of the day. Still the bullishness is there as it stayed slightly above the upper slope and on 50% Fibonacci Retracement level. The volume is very big and RSI is still very [...]

BKD went up as high as 1.42 breaking the 23.6% Fibonacci Retracement level at intraday but settled below the resistance line at the closing. Is BKD ripe for a rally after the long consolidation or its just a false rally? So far RSI is pointing up and cross on MACD may soon happen. Just be [...]

BEL didn’t give chance to those who Wait a little bit more for BEL at 38.2% Fibonacci Retracement level as it went up for two trading days now. Today it breaks and stayed above 23.6% level. This level will now act as our support and if it will hold strong, 7.0 and above should be an [...]

Philippine Stock Exchange Index shoot up by 51.08 points or 0.70% to close at 7,313.46 following a relatively peaceful election. Top gainers were led by PRMX, ATN and 2GO. MBT was so strong almost all day as it rallied 5% but settled lower with 3.42% BLOOM, BKD and BEL showed bullishness as well. On the [...]

ALI went up by 1.67% last Friday showing some bullish sentiment as it pierced the resistance line. Last week we saw the Ascending Triangle on ALI. Looks like ALI is ripe to continue its ascend after the consolidation. Normally we will have a test of newly found support. Lets see if the horizontal line can [...]