Trader's Logbook

We have seen ALI’s price taxing inside the Ascending Triangle and it seems we are near the point of breaking from the resistance. Will it happen soon? How is this news going to affect the movement of ALI’s price? ALI unveils new condo project with P7B sales value MANILA, Philippines – Property giant Ayala Land [...]

There is a reason why I put this on my Rumor section (or should I put this on Humor?). I got this from Traders Info Exchange whom the poster got it somewhere else. “The John Does & Jane Does will eventually be pinpointed by the innocent accused idummies who does not even know what stock [...]

MANILA – Bank of America – Merrill Lynch (BofA-ML) said it sees the peso-US dollar exchange rate hitting P37:$1 by end-2013 on the back of the bullish sentiment on the Philippines given its better growth story. In its latest research note, the investment bank said all Asian currencies are expected to appreciate further next year [...]

A generally boring day for traders. PGOLD went up but due to profit taking, the rally wasn’t sustained. Movement that caught the eyes of the traders were that of LC/B which went down by around 7% intraday. After the previous day rally of COAL, today it close in red with 1.10 a share at the [...]

What is in store for us this last day of November? 9:30 Weak opening for STI. ANI on the rise, and COAL too 9:42 Mining stocks are becoming unpopular. MA down by big points. Followed by other mining stocks as of this time 10:15 PGOLD going strong 10:45 COAL in red 10:50 LC now at [...]

Getting a cue from the Dragonfly Doji on our weekly chart, MWIDE went up by 7.38% this week and most of the advance was on today’s trade. Our candlestick today is a White Closing Marubozu. This candlestick can either be a reversal or a continuation pattern depending on where this is located. Since our current [...]

Looks like the bulls doesn’t want bears to conquer them at this point. Price didn’t close in red today and stays the same. Volume is not that much as well. Does this mean selling pressure yesterday is already finished? Why the indecisive mood as depicted by the Doji? Tomorrow is a profit taking day as [...]

We are waiting for the righ signal for LIHC to reverse. It went up as high as 1.03 but close at 1.01 a share today. We have a signal but its quite bleak as we only see a low reliability bullish reversal candlestick called Harami. Also, it didn’t cross the 61.8% Fibonacci Retracement level. The [...]

Long green candlestick can be seen on today’s COAL chart. Long green candlestick show strong buying pressure. This candlestick is an indication that the closing price is further above the opening price. It shows that the prices advanced significantly from open to close during the day under strong buying pressure and buyers were aggressive. This [...]

COAL woke up after sleeping for quite some time. It closed at 1.14 and may continue doing its northbound move tomorrow. APM did a rally as well. FOOD went up but wasn’t able to sustain. Sold my position. STI is unchanged while WEB moved up courtesy of ALAKOR and ACCORD. Check the rest of the [...]

US fiscal cliff concern overshadows Greek aid and better-than-forecast durable goods order. AGI, CHIPS, D&L, EW, MER, RLT, ROCK, PNX, PX, TA, GDP, Import. International Dow Jones               12,878.13      -0.69% S&P 500                    1,398.94        -0.52% Nasdaq                     2,967.79        -0.30% PHI                             61.40              +0.48% EPHE                         32.99              -0.21% FTSE 100                  5,799.71        +0.22% CAC 40                      3,502.13        +0.03% DAX                            7,332.23        +0.55% N225                          9,423.30        [...]

Are we going to see some action from FOOD today? 9:15 FOOD: The sell and bid at 2.30 were gone 9:23 Looks like we have a thick sell side for APM 9:38 COAL is up! 10:01 COAL is trying to find its way up but 1.09 is a strong resistance at this moment 10:05 FOOD [...]

LIHC failed to bounce today (or yesterday) from the bottom and instead it declined for 3.88% at the closing today. Long red MARUBOZU candlestick is what we got and it breaks two supports. One around 61.8% and the psychological support at 1.0 Will this stock turn to be a bad apple or it was just [...]

Looks like ELI is tired of going up the hill and after the indecisive mood (two days) it finally make its move going down. Will it continue to do so? Looking at the daily chart we can see an Evening Doji Star (can have 1, 2 or even 3 dojis at the center). While the [...]

No follow up news for BPI and PNB merger and traders are left in the air of what will happen from this time forward. After BPI had a good rally last week, we might see a reversal as suggested by our candlestick today, the Long Legged Doji. This particular doji shows that there is a [...]

Looks like ALI holders will receive a Christmas bonus from this stock soon. Looking at the daily chart we could see an Ascending Triangle formation and may break soon. The Ascending Triangle is a bullish formation that usually forms during an uptrend as a continuation pattern. But there are instances when these triangles form as [...]

Just when we thought STI‘s rally will continue came a disclosure about the Over-allotment Option of UBS. Our candlesticks depicts a bearish sentiment among traders. I have no idea how this new disclosure affect the price of STI but looking at our daily chart, we might have a price dip. The red Shooting Star created [...]

STI didn’t continue to rally. With the disclosure about the Over-allotment Option of UBS, the sentiment has changed. Will there be great impact on the said disclosure? It will be felt in the next couple of days. PGOLD did well today. It didn’t even test the support. It just goes up. APM went up as [...]

Will STI continue to rise today? 9:30 STI opened 1.09 but is now 1.10 Looks like 1.15 is the resistance to break 9:38 1.13 for STI 10:00 STI retracing, now at 1.12 and may go 1.11 PGOLD retracing too 10:14 PSEi not at 5600 level 10:22 2.11 is a good support for FOOD at this [...]

US stocks fell as lawmakers prepared to debate about fiscal cliff; Euro finance ministers discuss Greek aid. EW, FOOD, GLO, URC, GMA7, PF, PNB, ABC, BPI, PX, SMC, MPI, Inflation, GDP, PSEi, Peso, T-Bill, inclusive growth. International Dow Jones               12,967.37      -0.33% S&P 500                    1,406.29        -0.20% Nasdaq                     2,976.78        +0.33% PHI                             60.92  [...]