Trader's Logbook

Buy signal on RSI showed up after PNX rallied by 6.26% to close at the high of the day at 7.98 per share. Just a two flucs away from the 8.0 psychological resistance. There is a very big gap to fill for PNX. Will it be possible for PNX to close the big gap this [...]

Will the Harami going to secure a good position for bulls to defend its ground or it is just a bull trap luring new entrants to get in and be left in the cell? After a few days of descend we have seen MEG to rise by 2.05% or 3.98 a share. Just two flucs [...]

6-month time frame shows us that AGI is on the support line. Our line of interest was also the resistance few days ago which was broken via a 5.59% ascend last May 10. Is the retrace considered a test of newly found support? While we are now at the support line, we can’t get much [...]

This will be another try for AEV to break its resistance at 23.6% Fibonacci Retracement level. With a healthy RSI or Relative Strength Index and a good rally today, will the bulls continue to push the price up and destroy the resistance line? Although there is some bearish signal on weekly chart that needs to [...]

In a 6-month time frame, it seems that COSCO has found a strong support at 38.2% Fibonacci Retracement level. Is the treat of going down to develop a wedge about to dissipate? After few days in negative and decreasing selling pressure, the bulls finally showed as it brought the price up to 17.04 before it [...]

When we saw CPG in training camp last week, we thought it will just be a slow descend going back to 2.2 and below but the drop was quite drastic as it fell by 5.70% in just 1 day leaving those who chase the price last week in awe. Currently within the bounds of the [...]

BLOOM made a 4.92% run last week and based on the weekly chart we could see BLOOM is just starting. Daily chart shows the slope and the 50% Fibonacci Retracement level has been helping block the price in going down. BLOOM may try this week to see how strong the resistance at 38.2% will be. [...]

Is it a last call for SLI to jump ship or its the base for the jumping board? SLI continuously going south as traders continue to put selling pressure. RSI or Relative Strength Index is now at 19.20. Will this going to attract traders to push the price up and making a support line or [...]

MEG went down by 3.10% last Thursday as the bulls retreated to find a good support and it seems they were able to control the bears last Friday. Based on our chart we could see a horizontal channel that MEG’s price is currently moving. Is this going to be the track that MEG will follow? [...]

Few days after we saw FLI trying to break the resistance, it is now flying high. Some may think they need to chase FLI before it will go up further in the coming days but I think we can still get a better price once those who gained will liquidate and price will go near [...]

FGEN is not yet an “abandon ship” as its support line is still trying to hold the price not to go low. Although it has been in an extended time now, there is some bullish sentiment on our weekly chart. But if in case the price will be dragged down south then this might hit [...]

CPG is on the radar of many traders last week. Last Friday CPG went up by 1.79% but looking at the weekly chart it still have bearish sentiment. Last week I was waiting for it to touch around 23.6% Fibonacci Retracement level or even further to the lower slope but it didn’t happen. Still near [...]

CPG is down again but with relatively low volume. After it hit the upper slope last Tuesday, the price keeps on retracing and is now in the middle between upper and lower slope. Is CPG going to follow the trend it is forming? Will it touch again the lower slope as found on our chart? [...]

Last time we look into GERI we thought the Flag on GERI will help us get some good point for bounce but it failed and it continued to move within the downward channel. Currently the price is touching the lower slope and 38.2% Fibonacci Retracement level. The sell down was felt with relatively big volume. [...]

COSCO is down for two straight days although today it was able to get back on its feet. It closed at 16.74 after it hit as low as 17.04 bouncing from 38.2% Fibonacci Retracement level. It might be too early to say that it will form a wedge but if it would be the case, [...]

Is it GoodBHI (bye) for BHI? after it failed to bounce from the slope it used to bounce on to? Currently BHI is moving outside from the channel and testing the 23.6% Fibonacci Retracement level. If support will fail, panic selling will drive this stock below 0.17 I think as of this time sentiment is [...]

Interesting formation has been developed on STI. Few weeks ago it hit 1.07 (which is also a high last February) then find its way back to 20-day SMA line. JP Morgan holding some shares this month without selling and the King of Tsupit selling only half of its shares this month. Is this going to [...]

TA’s rally wasn’t sustained. It went up as high as 2.85 but settled 1 fluc below its opening price. The price is above the 2.72 which was the highest intraday price last few weeks ago. This could be considered an immediate support for TA although it is not really strong. Still the strong support can [...]

Is the Shooting Star pattern we have today just a representation of the test of support at 50% Fibonacci Retracement level and the 20-day SMA line or it will be a bad signal telling us that bulls have receded. Unless this candlestick will be confirmed tomorrow via large red candlestick, then this is just a [...]

90.5% of the volume today was traded at 12.44 but it would have been more bullish if it close at the highest price of the day. Still the bullishness is there as it stayed slightly above the upper slope and on 50% Fibonacci Retracement level. The volume is very big and RSI is still very [...]