Trader's Logbook

ALI went up by 1.67% last Friday showing some bullish sentiment as it pierced the resistance line. Last week we saw the Ascending Triangle on ALI. Looks like ALI is ripe to continue its ascend after the consolidation. Normally we will have a test of newly found support. Lets see if the horizontal line can [...]

Will ALI soon rise? Looking at the chart it looks like we have an Ascending Triangle formation. The ascending triangle is a bullish formation that usually forms during an uptrend as a continuation pattern. Caveat!

Looks like ALI is in a bad mood as it continue to dip today. Price close near the 20-day SMA which is our immediate support. Will it hold? Next support might be at 30.00 which is our 23.6% Fibonacci Retracement level. Caveat!

Looks like ALI hit a thick wall and can’t go past it. The 33 level has been tried few times already but bulls failed to stay above it. Bears seem to be so strong at this point in time. Price action shows a bearish signal and if confirmed, price may go down and find support [...]

Last March 3 we Wait for ALI to touch within support zone] and sure it did then it bounce BUT the bounce last March 5 and 6 was immediately countered by a dip on March 7 following the disclosure of a top up placement of ALI common shares http://www.pse.com.ph/resource/disclosures/2013/pdf/dc2013-2035_ALI.pdf at a discounted price of 30.50 [...]

ALI which corrected for almost 4% last week may find support at around 23.6% Fibonacci Retracement level if it will continue to go down. 20-day SMA line is also within our support zone which gives us a good reason to speculate for a technical bounce. For those who are eager to enter ALI, your wait [...]

ALI has been in a bullish trend with some shallow corrections. Today we see a Doji Star pattern on its chart. Will there be a shallow correction in order for new entrants to come in? Or today is just a “pause” and another climb will happen tomorrow? In case it will go down following the [...]

Another stock that shows an indecisive mood at market’s closing. ALI was up few notches but settled with only a meager gain at the closing. Is it bound to correct soon? Although a Doji is not that reliable with regards to trend reversal, one should still keep guard with the position. Psychological resistance at 28. Caveat!

ALI‘s weekly chart shows a bearish bias. Black Closing Marubozu could be the signal for the start of a bearish reversal. The chart also shows a SELL signal on RSI. On the daily chart, we can also see a bearish bias when last Friday a large red candlestick (Black Marubozu) appeared and pierced down through [...]

One of the sector I am eager to enter is the Property Sector. Based on what I have seen which I outlined here Looking at the Property Sector, ALI and SMPH got my attention but I need the two stocks to correct first. Looking at their respective weekly chart, it seems to me that ALI [...]

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 [...]

We saw ALI rallied last month (advanced by 6.47%) but this month is different. It was doing more of a sideways. If you get the monthly performance you will see it declined by 1.47% from previous month. We also notice ALI forming a Descending Triangle. Will it go down soon? Unless the support is very [...]

Looks like ALI doesn’t want to rest (Rest before striking again) during the window dressing week. It broke the resistance which now becomes our support. Lets us see how strong the support will be. MACQUARIE as top buyer but also the top seller. Caveat!

Looks like ALI will rest for a few days following the good rally it had. Looking at the triangle formation, the price may go sideways for a while but also consider the possibility that it might break from the support line. Caveat as always.

ALI went pass 23.6% Fibonacci Retracement level which was our resistance today. Although the volume today did not surpass that of previous day but still impressive. Also we see an Engulfing formation on our last two candlesticks. Another bullish indicator. Bullish Engulfing pattern. While the market sentiment is bearish for this stock; we see some [...]

Two warnings and ALI is still alive and kicking. Without the gap down, red close or large red, this stock may go up even further. There might be some headwinds along the way but the current trend is still intact. The large green candlestick invalidates the supposed trend reversal after we saw a shooting star. [...]

Last August 2 we saw a Harami and was warned about a possible reversal but the next day we didn’t see any confirmation and instead the price went up 2.05%. Yesterday our candlestick is a Shooting Star which is another bearish signal. Still we need a confirmation of this by having a gap down, large [...]

After a few days of going up, I guess it may retrace to fill the gap below. In today’s chart we could see a Harami Pattern at the top of the trend. If we will see a gap down, large red or close at low then it might be considered bearish signal. Just monitor the [...]

No strong indicator for ALI to reverse its course yet. Maybe a continuation of uptrend for tomorrow. But be cautious as there are two small gaps below that it might fill soon.

ALI will be a safe stock and will continue to give gains. There was no candlesticks formation at this time that will tell us it will reverse. Of course we might see some small dips but that is just normal. Uptrend is still intact.