Trader's Logbook

PAX – PAXYS, INC.

I nearly thought my post buy at 3.10 will not be hit. We saw a strong open with the price gapping up from the previous close. The surge happened few minutes (hour?) until the rally was disrupted. Price begun to go south and closes in red. Basing on the candlestick, it closes almost within half part of the green candlestick yesterday. This is typical of a bearish dark cloud cover.

Although the reliability that the trend will reverse is high, it is still good to wait for a confirmation through a gap down or a red close tomorrow. You might be whipsawed!

I sold all my shares while the dead cat bounce. I hope walay na PAXit!