Trader's Logbook

LC/B is still going south with another gap down today. If you happen to check on my technical analysis of LC for the past 2 days, the down trend started after it formed a doji last June 11. I sold half of my share today but I might sell all tomorrow especially that until now [...]

More likely to fill the gap at 0.65 – 0.66 Support is at 0.68. If breached, you may sell it and wait for upward trend that may be brought by the SRO which has no date as of now.

9:10 My personal take on Calata is that it will decline today and Friday. I just have this gut feeling when I saw the price action yesterday wherein there was a lot of selling at 14.02 It’s like what happened on June 1 (Friday) if I remember correctly. Of course I still want this stock [...]

I don’t have a PGOLD because I always forgot to monitor this stock but GL to those who have this especially today when it gained 6% (sorry CAL won the race at the closing LOL). I think PGOLD will still go up unless there will be a negative news for this stock. But so far [...]

LCB (LEPANTO CONSOLIDATED MINING CO) – confirmed to be bearish at this stage. The last 3 candles forms a BEARISH DOJI EVENING STAR. The reliability of this pattern is very high. But for those who is still not contented with the signal you may wait for further confirmation in the form of a red candlestick [...]

My analysis on CAL is very speculative because there is no significant pattern that I can see on the daily chart. Basing on the 30-minute chart we could see a pattern that has been formed for the past 3 days. Last Friday and Monday, the opening is soft, then taking up some volume on mid [...]

9:30 CAL opened 13.32 9:58 CAL went up as high as 13.70 Now its playing at 13.70 – 13.78 range 10:08 PGOLD soars 4% change. CAL is now playing at 13.74 – 13.76 10:10 Vita went down. Still holding. I am going to sell LC at 1.43 10:16 Cal still at 13.74 – 13.74 area. [...]

NIKL (NICKEL ASIA CORPORATION) – is up for a 50% stock div play but no date yet. Basing on its chart, the price may fall. I think traders were so quick to get in when the news about the 50% stock div was disclosed. Now that the nickel price in the global market has dipped [...]

LC’s opening price last Monday was also the closing price thus forming a doji candlestick. Observe that it also gaps up last Monday from the previous price so if LC will gap down tomorrow at the opening, the reverse in sentiment (from bullish to bearish) will be confirmed. But it might be short-lived. Resistance will [...]

ELI closes the gap at 0.71 – 0.72. Is it going to close the gap at 0.74-0.76? or the lower gap? If it closes the lower gap then it will go below the 60 day SMA which I think is too low to be considered bullish at that area. Tomorrow might be a decisive day [...]

ELI – The Board of Directors of Empire East Land Holdings, Inc. (the “Company”) has approved a pre-emptive rights offer to holders of its common shares at the proportion of one new share for every four (4) existing common shares. The exercise price shall be at the par value of One Peso (Php1.00) per share. [...]

Sold my Marc yesterday due to not so good price movement for the past few weeks. Will try to test buy at 2.30 – 2.40 level. Fundamentals still intact but have to find a faster horse

As what we always heard, Friday is a profit taking day. It is not always true but only if a stock is very strong like what happen to CALATA before 9:52 Highest so far for CAL is 12. Its now trading at 11.90 Phes went down to .69 but came back to .71 ELI is [...]

Gravestone Doji on today’s candlestick for ELI. Dojis usually mean change in direction. Since ELI is on the uptrend this may mean we are facing a bearish sentiment in immediate future. Could this be foiled by the profit taking day tomorrow (Friday)? Pang balance sa sentiment, we see a buy signal on its MACD. Still [...]

My two news horses VMC and ELI. Eli will rise as it is picking up traders who were not able to ride the bandwagon yesterday. For VMC, the big volume and price yesterday suggest that it will still have another surge today. 9:00 Still early for stock market but I am now ready to monitor [...]

  First of all, ORE is a JAP stock so any time anything can happen but basing on the chart analysis I think ORE is still has a lot of noise to do so that it will be back on track and every one get big gains. As you can see in the candlestick, I [...]