Trader's Logbook

TEL has been trying to break its resistance but it seems this line is quite hard to break. But while we have been stopped by the bears, it seems that the bulls is not about to throw the white cloth yet. As we can see the bulls are creating higher lows. This price movement creates [...]

Looks like GERI is now bottoming out and price is leveling off at this point. Are we going to see a technical bounce soon? RSI is now pointing up and in a healthy state. Our candlestick today is what we called a White Opening Marubozu which could mean a start of a bullish run. But [...]

PGOLD gaps up at the opening but failed to sustain momentum during the afternoon when it dips below the line of the upper line of Bollinger Band. Our price movement created an Engulfing Pattern which can be considered a bearish signal. As we see on PGOLD‘s chart, it have been going up for a long [...]

Are we going to have a test of support this early for APM? Yesterday it went up by 4.43% and today it gaps up at the opening but retraces in the afternoon and wasn’t to do a comeback. The price movement creates a Shooting Star. This shooting star has a low reliability which means that [...]

Day of the bulls as PSEi close by 105.18 points or 1.56% to 6,721.45 BDO made a good leap at the closing. From 92 it jumps to 99. Something is fishy? BEL and BLOOM went up as well but BLOOM losses momentum at the closing. Still with a good closing above 4.50 ARA went sour [...]

US stock markets at 5-year highs on upbeat housing data, a day after Ben Bernanke signaled that easy money policies would remain in force. AUB, ASIA, CDC, DMC, EW, GTCAP, PGOLD, PIP, RCI, URC, GTCAP, credit rating. International A rally on Wall Street gained momentum late Wednesday as investors welcomed more upbeat housing data and [...]

For those wanting to enter BPI this might be your chance as we see price kiss the 20-day SMA line. A bounce from this line may happen just like on its previous price movement. If we look at its recent past we see that there are many instances a bounce happened. Caveat!

BLOOM slowly went up the ladder until there was a fast move from 14.30 going to 14.56 but somehow the bears were awaken and do the selling again making the price to retrace and close at 14.40. Will this be the last time we will see the bears or we will again be frustrated with [...]

APM is up by 4.43%. Looking at the chart we have a pattern being broken by APM. At least in a good way. I thought APM is in a process of creating a rectangle pattern as we can see the resistance line and the support line. Long legged candlestick was the cue during the time [...]

ARA is up by 14.44% today. Looks like an all-day rally for ARA this week. Does she still have the legs to continue? Based on our previous post about ARA (ARA on the right track), it has been following the track made by an upward channel but at this point it seems that it is [...]

ARA is up by 14.44% followed by SLI which is up by 7.59%. BEL went up as well following the break from resistance. Will these stocks be a favorite tomorrow? BLOOM slowly inching up but still inside the resistance zone after it retrace from 14.56, it closed at 14.40. Top losers were IS, FEU and [...]

Stocks closed higher as Bernanke hinted at continued aid, coupled with positive economic data and robust corporate earnings. AUB, AGI, ALI, BDO, EDC, HLCM, MER, MWC, PX, Gaming, PPP, Infrastructure, interest rates, inflation. International Stocks closed solidly higher Tuesday after Fed chairman Ben Bernanke gave investors reason to believe that the central bank would continue [...]

After EW’s rally we saw fewer transactions as shown on its traded volume. Its seems that those who bought are not ready to sell yet but they are not buying either. It is a wait and see which may result to a sideways movement for this stock for a while. Support line is at 32.90 [...]

CPG got a left and right hook plus uppercut from the opponent. Today’s bears won the battle. What will happen tomorrow? Looking at the chart we see a Harami Pattern. This pattern shows to candlesticks. The first one is a green candlestick then followed by red candlestick that is contained within the first one. If [...]

DNL going down for few days now trying to find its support. Last Friday we saw a large red candlestick that touches our 23.6% Fibonacci Retracement level and then followed by a Doji. we thought selling pressure is already gone but today sellers are doing what they do best again and this time driving our [...]

At one glance we may consider LR to have a bullish reversal after it close 8.80 today following the Hammer candlestick yesterday but one should be careful because if you monitored the action today, Asiasec force close from 8.50 to 8.80 at 3:20 this afternoon. If it closed at 8.50 then bullish reversal is not [...]

SMPH has been going down since we saw the Shooting Star. After few days of decline, today price touches the 20-day SMA line which is also where our support line. Will there be a bounce soon after this? around noon time before the recess, candlestick shows a good signal as it creates a hammer but [...]

CPG down by 4.58% as it was being hit left and right by the bears. ARA on the other hand enjoyed the 8.09% increase from yesterday’s price. It closed at 1.87 per share. TA and PGOLD made a good run today as well. Other stocks in red department are ALI, DIZ, MA and PHES among [...]

Dow and S&P suffer biggest one-day decline amid Italy instability, overbought concerns. ALI, CPG, MER, MPI, JGS, RCB, RLC, Airlines, Mining, GDP. International The Dow and S&P 500 suffered their biggest one-day decline of the year Monday as U.S. stocks were whipsawed by concerns about political instability in Italy. But many think that stocks have [...]

Looks like ARA is following its track. Last time around Feb 13 we saw ARAmina Trending? ARA went up for the second day since last Friday with bullish sentiment still intact. Is it heading the resistance line (upper slope) or we will see some headwinds before going further? That could be possible but the track [...]