Trader's Logbook

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 [...]

Good rally by AGI which went up by 5.96% at the closing. Volume of the trade is concentrated at 24 most at the closing. Top buyer today is CLSA PHILIPPINES, INC. which sold only 240K volume while buying 4M volume. What’s brewing here? Immediate support may be seen at 23 before the 23.6% Fibonacci Retracement [...]

We are now looking at a low reliability candlestick formation called Harami on AGI at this point. The Harami Pattern is a sign of disparity about the stocks condition. While we saw that it is characterized by downtrend and bears are all over it there was a continuation of the trend however on the last [...]

AGI refuses to stay below the lower band of Bollinger Band but failed to move above 23.6% Fibonacci Retracement level. Combination of candlesticks doesn’t show us any signal for reversal yet. Let us see tomorrow if it will be able to stay above the line. If not then this might go down looking for support [...]

AGI don’t want to stop the rally for now as it shows fresh strength. Correction didn’t happen last Thursday and Friday even if we saw some possibility (Correction please). On Friday, it shows that not only it can break the resistance but it can do a high jump! The previous resistance is now our new [...]

Is AGI bound to correct at this time? It has been going up is midway between 38.6% and 23.6% Fibonacci Retracement level. Our candlestick for today looks like a Hanging Man (less the upper shadow). Are we going to experience headwinds tomorrow that will shake the weak hands? Hanging Man, if found at the top [...]

Bulls are still ruling over AGI. Today it broke the Psychological Resistance of 12.00. No indication of changing route for now but we may experience some headwinds. Caveat!

AGI may continue to go up north as we don’t see any indicator for this to reverse. It has just broken from the resistance yesterday and now is enjoying the vast space between the support and resistance. There might be some headwinds while it go up but uptrend is intact. It might test the major [...]

AGI (ALLIANCE GLOBAL GROUP, INC.) Looks like a good break from resistance at 38.2% Fibonacci retracement level with a good volume. It looks like it breaks from the falling wedge too. Can it sustain? COL Financial put its TP of this stock at 14.19 a share with a buy recommendation Caveat!

AGI‘s Doji seemed to suggest that players doesn’t want this stock to go up yet. Although the volume is picking up but it might need more for the price to breakout. Anyway the candlestick today didn’t really confirm the possible downtrend. It was CLSA PHILIPP who made to the top buyer for today but it [...]

It was a breath of fresh air for AGI holders as the stock went up for two days straight but last Friday it seems that it has weaken and might go back down again as it shows a Doji candlestick. This candlestick after a rally has bearish implications for the reason that the market opens [...]

AGI is in a downtrend for few days now. At the closing, the price tried to break the support at the 50% Fibonacci Retracement Level. More likely to happen since no news or indicator for this to go up soon. There might be some good price movement tomorrow for a chance to get out. For [...]

We saw this stock last August 6 bouncing before touching 50% Fibonacci Retracement level and today it seems the reversal is a bit convincing. Today it close with 2.32%. Is this going to break from the Falling Wedge? Volume is picking up. A good volume with a breakout from the wedge will make a good [...]

It seems this stock doesn’t want to touch 50% Fibonacci Retracement level instead will try to go back above 38.2% level. It is still too early to say but it is good to note that we have a Harami. RSI still low and is poiting upwards. We still lack volume. Caveat! Bullish Harami Pattern is [...]

ALLIANCE GLOBAL GROUP, INC. – This stock is worth monitoring for those who want to get in but for those holding this I think it is better to sell on strength in few days. It has broken from the support line at 11.14 Basing on the Fibonacci Retracement it is approaching 50% level but if [...]

Looks like AGI is going to change its course from northern to southern part of the planet. Is it going to break the support? It seems there are a lot of sellers today willing to sell at lower price. Trade at your own risk. Caveat!

After testing the resistance level of AGI, the price down. Let us see what will happen tomorrow. There is no signal for this to go down deeper. Most of the buyers were happy as most sellers settle for 11.38 price to sell

AGI may soon break from the triangle. But we need a good volume to convince that the breakout will be genuine. Watch mode for now. Caveat!