Trader's Logbook

PXP just bounced few days ago from the 23.6% Fibo Retracement level. This might go sideways or slowly go up. Caveat!

PGOLD may need some news to pump the price up again but I am also seeing a strong support level at 23.6% fibo retracement. A good news may pump the price up to close the gap above. DBP-DAIWA SE and UBS still the main players for today trading. They were the two top buyers and [...]

ALI will be a safe stock and will continue to give gains. There was no candlesticks formation at this time that will tell us it will reverse. Of course we might see some small dips but that is just normal. Uptrend is still intact.

Market was not that bad but it wasn’t good either. # Stock Code Last Change %Change Value 1 ALCO 0.1840 0.0140 8.24% 1,840 2 BC 24.9500 1.8000 7.78% 1,021,200 3 TBGI 3.0200 0.2100 7.47% 897,880 4 AMC 19.3000 1.3000 7.22% 7,720 5 LRI 8.8500 0.5500 6.63% 794,321 6 CMT 2.0600 0.1200 6.19% 49,168,650 7 RLT [...]

Yesterday PIP or Pepsi was the star stock. Will it continue its ascend today? 9:30 PIP did not gap up 9:40 PIP is now at 3.37 9:42 Posted a buy at 3.32 9:43 PIP went down to 3.25 but came back to 3.30 9:49 A big blockage at 3.38 awaiting PIP 9:53 PIP back at [...]

MANILA, Philippines – Shopping mall giant SM Prime Holdings Inc. reported better-than-expected financial results in the second quarter with net earnings rising 16 percent to P2.49 billion. This brings SM Prime’s six-month net income to P4.92 billion or 15 percent higher than the P4.27 billion recorded the previous period. Revenues also climbed 15 percent to [...]

For those holding ALI it is very important to watch the next two days carefully. After the 5 days uptrend we found a doji candlestick at the top of the trend. This candlestick alone can’t be a reliable indicator. But the next two days will be very crucial as this might form an Abandoned Baby [...]

A quite and slow ascend for our giant. Is it going to fill the gap this week via large green candle or we will see red candlesticks along the way? Your guess is as good as mine. No good indicator yet. We have seen UBS SECURITIES selling 23M volume compared to buying only 14M volume [...]

AGI may soon break from the triangle. But we need a good volume to convince that the breakout will be genuine. Watch mode for now. Caveat!

Breakout from the triangle and confirmation of Bullish Harami pattern from last Friday. RSI still ok at 63.76 and a buy signal on MACD. Is it now time to visit 16? Your guess is as good as mine. Caveat!

It was a ‘live another day’ for ATN as it didn’t change course. It closed 2.52% to 2.85 a share. But be prudent because the volume is dwindling.

We have seen a good rally on some stocks especially PIP (PEPSI-COLA PRODUCTS PHILS. INC) and SMPH that breakout from the triangle and also confirmed the bullish harami Other blues will also come pop up this week. # Stk Code Last   Change %Change Volume 1 PIP 3.3000 0.4300 14.98% 45,166,000 2 WPI 0.4750 0.0400 [...]

With DOW passed above 13,000 level what will be the effect of that on our local market? Is it time we should see more bulls running wildly? Or Filipinos will still be hesitant and haunted by the upcoming Ghost Month? Let us see today’s sentiment from the moment the bell rings tell this afternoon. 9:23 [...]

MANILA – Century Properties Group Inc. is venturing into the affordable segment of the market with the development of a mid-rise community project in Quezon City. In a statement, Century Properties said it expects to book sales of P10 billion from the eight-tower project called The Residences at Commonwealth by Century. Located along Commonwealth Avenue [...]

From the last two candlesticks of SMPH (SM PRIME HOLDINGS, INC.) we could see a Bullish Harami pattern that might be consider a signal for reversal. But take note that this pattern has a low reliability. It needs a third day confirmation to be sure that the downtrend has really reversed. This confirmation of the [...]

After the dark cloud cover, the price have some small gains but I think in a bigger picture this stock is still in a downtrend. Unless there is a good indicator that will show up on Monday, I think what you need to do is to be quick in selling this if you are already [...]

Stock market rises to unprecedented heights Manila, Philippines – The Philippine stock market is making its mark as one of the hottest emerging markets in the world, having outperformed many of its regional rivals this year on the back of rosier macroeconomic fundamentals, a resilient corporate sector as well as government’s resolve in stamping out [...]

We have seen a good rally for TDY (Tanduay Holdings Inc) for two consecutive days before it fell (but not much) 0.80% to 4.96 Psychological resistance for this stock is at 5.0 which was visited last Thursday when the SSM was announced to be held the next day. Friday trade for this stock has mix [...]

Low reliability Hanging Man candlestick was formed last Friday for ATN. The hanging man is a bearish reversal pattern. It signals that selling pressure is starting to increase. The long bottom shadow tells us how much the sellers are willing to sell their stocks. Although the bulls regained and pushed the price upward until the [...]

The trend reversal indicator (Doji) was not confirmed last Friday. For it to become a valid reversal, the candle after the Doji should be either a gap up or large green candle.