Trader's Logbook

Current price of CMT is within the consolidation area of Ascending Triangle. This triangle is a bullish formation that usually forms during an uptrend as a continuation pattern. There are instances when ascending triangles form as reversal patterns at the end of a downtrend, but they are typically continuation patterns. Regardless of where they form, [...]

Looks like PXP will try to test how strong the support at 61.8% Fibonacci Retracement level. The previous level was broken easily and after 4 days staying at that level now it is heading for the next major support. Are we going to see a closure at the 16-17 gap soon? Caveat!

We have seen VITA rallied for a few days. I never expected it rally that long when I sold my share at the early days of rally and have to buy back after 2 days but I was so careful because I had a bad experience about VITA some time ago. Late comers for this [...]

PHES might be going back to its usual range 0.68 – 0.70 for now awaiting for another news that may come out soon. I think there are new ipits and want to come out soon thus we might see some rallies to be countered by selling pressure. Once dust will settle, maybe that is the [...]

On Sept. 28, Friday, Q3 came to a close with the PSEI at 5,346.10 +44.61 pts. or 0.84%. Asian markets also rallied, with the exception of the Nikkei which declined on concerns about falling revenues for Japanese companies in China, amid territorial dispute tension, outweighing the optimism due to Spain’s new economic reform plans. Notable [...]

Last day for window dressing but some says there will be no effect on prices today. Lets see. Remember its profit taking day as well! 9:30 VITA is down by 4% 9:38 Will CPG make a good run today? Looks like sell side is thick right now. But price is increasing. MARC is up by [...]

US stocks advanced as Spain released its 2013 budget, pledging cuts; speculation that China will implement more stimulus. AEV, AGI, MPI, PIP, PX, SPC, VLL, Mining, IMF. International Dow Jones               13,485.97      +0.54% S&P 500                    1,447.15        +0.96% Nasdaq                     3,136.80        +1.39% PHI                             66.16              +0.76% EPHE                         30.53              +0.48% FTSE 100                  [...]

The PSEi edged up by 8.86 pts. or 0.17% to 5,301.49 as Q3 comes to a close tomorrow. Gaming companies in focus. BEL, LR AGI, BLOOM, FGEN, HI, MER, PGOLD, PIP, PX, RFM, RCB, SMC, SMPH, SPC, TDY, TOL. Tourism, Mining, Inflation, GDP. Our Outlook: PHL in the Bright Economic Spotlight. The PSEi edged up [...]

BEL is ringing again just like last July (The BEL is ringing.. for what signal?) Will the sound be harmonious this time? After the action last July it has been going down until today when its rally looks convincing. It went near the 38.2% Fibonacci Retracement level then shoot up passing the 23.6% level although [...]

MJC rallied for a while today but wasn’t able to sustain and closed near its opening price. It results to a bearish signal Doji. Will 38.2% be a strong support for MJC? Im quite bearish on this stock for now. Maybe somebody just want to exit so they pump the price earlier? Don’t be tricked. [...]

PGOLD‘s price action tomorrow will be a make or break for PGOLD. Although tomorrow will be the last day for the Window Dressing week, we don’t know if they will pump this price up. Today’s price looks like about the go below the support level. But maybe because not too many people look at PGOLD [...]

PHES still within the consolidation area it sets since June. It has been in the 23.6% – 38.2% Fibonacci Retracement level for so long now. The last rally few days ago I think was a good fire exit for those who have been ipit and those who were not able to exit that time should [...]

Exciting run for VITA, JTH, BLOOM, LR and BEL. Looks like the gaming sector is alive. Is this part of the window dressing? By the way I haven’t seen much of the blues today. Maybe they will wake up tomorrow. # Stock Code Last Change %Change Value 1 DFNN 5.9500 0.7200 13.77% 35,674,052 2 PCKH [...]

US stocks decline as focus returns to Greece, Spain. BRN, Coal Asia, GLO, GMA7, MEG, PNB, ABC, PX, SMC, VLL, SMC, Investment Grade. International   Dow Jones               13,413.50      -0.33% S&P 500                    1,433.32        -0.57% Nasdaq                     3,093.70        -0.77% PHI                             65.49              -1.25% EPHE                         30.05              -0.79% FTSE 100                  5,768.09        -1.56% CAC [...]

We haven’t seen much yet of “Window Dressing” effect. Will there be? Will VITA and BLOOM still be doing well today? BLOOM may continue to rise but VITA is quite risky. Looks like we need a scuba gears for PGOLD 9:31 BLOOM going strong! 10:03 Was a bit busy. Glad BLOOM and VITA is doing [...]

Looks like it was really a Premature Breakout for PGOLD when it went up past the resistance set. But the thing is that we could see a rather more bearish sentiment this time. Will it break the support? How strong is our support? Big part of the total volume today was traded at lower price [...]

PSEi slips for second day closing at 5,92.63, down 32.54 pts. or 0.61% with  Holdings leading the decline by 1.28%, followed by Property by 1.19%. Bucking the trend were Industrials +0.02% and Financials +0.27%. JGS, ATI, IMI, MER, PNB, PSE, PXP, SLI, TDY, ETFs, BOP, FDI PSEi slips for a second day closing at 5,92.63, [...]

BLOOM got the attention of some traders today as it continue to climb the ladder from yesterday after a long sleep. It reached as high as 10.94 but settled at 10.90 where it advances by 4.01% At the closing there was a tag of war between the bulls and the bears. Although 10.90 was heavily [...]

Price of MJC is within the Symmetrical Triangle and may soon breakout. Does the price movement today suggests it will breakout soon? The Symmetrical Triangle, usually forms during a trend as a continuation pattern. The pattern contains at least two lower highs and two higher lows. When these points are connected, the lines converge as [...]

Where is PHES heading after the rally two days ago? Is it now going for a dive? PHES is now at the final stage with its negotiations with Avida Land for a possible joint venture. Is this something that still have to be factored in the price per share or its already factored in? We [...]