Trader's Logbook

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 [...]

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, [...]

APM went up last Friday by 3.55% breaking the 20-day SMA and 23.6% Fibonacci Retracement level (6-month timeframe) with relatively big volume. These lines becomes our support lines. This may move forward north if price will stay above the support level. RSI or Relative Strength Index says its not yet overbought. Caveat!

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 [...]

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 [...]

A win for the bears today as it was able to stop the bulls from shooting at the 16 feet area. The sentiment can clearly be seen by the Shooting Star candlestick. Price gaps up at the opening and rally during the day but then bears where able to stop them an send the bulls [...]

APM advances by 8.33% today. Will there be a rally tomorrow? Our daily chart shows us a White Opening Marubozu candlestick which is not really that reliable. Although bullish sentiment is evident on the candlestick, its not the same as other candlesticks. Volume is very big compared to previous days but RSI already entered the [...]

Two weeks ago we thought APM will go sideways. As the news circling about APM is out and no other update yet, this stock may still continue to go sideways. As we saw in the previous days price go up and down, which I think will have the same movement for this week unless we [...]

Very impressive run of APM. It dipped below the 50% Fibonacci Retracement level but managed to go up above the 38.2% level. On our daily chart we see an Engulfing Pattern. Engulfing Pattern is a pattern characterized by a large green real body engulfing a preceding small red real body, which appears during a downtrend. [...]

Two successive bearish candlesticks and yet APM manage to rally to close 10% to 0.1540 Very impressive move since few weeks ago but one should take extra careful. Although RSI or Relative Strength Index is already above 80, it is still manageable. On a bigger picture (weekly chart), we don’t see any warning as of [...]