Trader's Logbook

BDO may take another test on the 38.2% Fibonacci Retracement level (support) following the bad statement from Nomura Group about banks in the Philippines. After taking off from the launch pad last 2nd half of March and hitting 23.6% Fibonacci Retracement level, price is heading back to earth. In case this wouldn’t hold, 50% is [...]

Checking on the banking sector after the end of the 1Q of 2013 shows that BDO is still a good choice based on my filter. See my post here Review on my Banking sector investment basket Technically BDO has a bullish bias since the time we saw the Piercing Line on BDO?. Looks like at [...]

The bulls that created the Piercing Line on BDO has not failed us yet as it close 4.02% last Friday. As we observed last week it touched and bounced at 38.2% Fibonacci Retracement level and is not approaching the 23.6% level. Are we going to see a continuation of its ascend even if we only [...]

We have seen a good volume for BDO today following a bounce from the 38.2% Fibonacci Retracement level. Are we on for a reversal now? A lot are hoping that this is it. BDO opened below yesterday’s closing price but was able to rally and close near the middle of the previous candlestick’s real body. [...]

BDO has kept on going down and no signal for a break yet. Last time when it landed to refuel (BDO may hit support to refuel), the technicians found that the engine is in trouble and it may take days to fix. Selling pressure today brought BDO to as low as 82.20 intra day to [...]

BDO was not spared by the bears. Price went down by 2.84% to move deeper and even breaking the 85.0 during the day. Selling pressure was felt an hour before the recess and that time BDO wasn’t able to recover. RSI at 33 but we don’t see any signal from our candlestick for possible reversal [...]

Based on 1 year time frame chart, BDO broke the 23.6% Fibonacci Retracement level. It has also broken the 20-day SMA line the previous day. We don’t see any signal as of yet for reversal. Our last candlestick is a large red one which may suggest a continue of current trend unless we will have a good [...]

Looks like BDO will have to land at the support line soon. Is the engine in trouble or it just need to refuel before going any further? Support zone may start from 92.8 – 90. So far the candlesticks doesn’t show any bullishness. Still BDO is a good stock and any dip is most welcomed [...]

BDO has been walking within the middle band of Bollinger Band lately. From below 23.6% Fibonacci Retracement level it managed to slowly go above that level. Looks like we have already pass the storm and this will continue to slowly go up. Not much signal from candlestick but at least we are climbing. The 23.6% [...]

BDO‘s price has been going down. Red candlesticks after another. When is it going to stop? I have been monitoring this stock so I can add more to my position. Looks like this is still going to move south as we don’t see any candlestick formation that will tell us about reversal. Price went further [...]

For those holding BDO, there might be a strong headwind coming as depicted by our weekly chart. The rally on the first week of December which gave us 7.42% was followed by a retrace. Price declined by 5% in a week. The two last candlesticks showed us a Harami. The Bearish Harami Pattern is a [...]

Price of BDO today went down by -2.41%. Previous candlestick resembles a Hanging Man (less the upper shadow) and could also be considered Dragonfly Doji. Although not exactly a book definition but considering we also have a red candlestick today which closes below the upper band of Bollinger band, we may consider a reverse in [...]

BDO went up as high as 71 but it wasn’t able to sustain. It closed with a red Gravestone Doji (less the lower shadow) at the top of the trend. Gravestone Doji is a pattern in which the opening and closing prices are at the low (or near) of the day. The Bearish Gravestone Doji [...]

Low reliability Harami formation can be found on BDO today. After this stock move on a generally uptrend, it might be in a point of correction. The Bearish Harami Pattern is a sign of a disparity about the stock’s health. Bull market continues further confirmed by the long green real body’s vitality but then we [...]