Trader's Logbook

After saying Good BHI (bye)?, BHI continued to go down slowly. Today it is near its 20-day SMA line which will act as our immediate support but in case it won’t hold, this may go down further towards 38.2% Fibonacci Retracement level which is around 0.168. In case this will move up, it will be [...]

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 [...]

Has the Shooting Star on BHI been confirmed of its just a reaction from a few traders who either panicked or sell some shares? Current price pierced below the upper band of Bollinger Band and price is now at 23.6% Fibonacci Retracement level. If things will get ugly tomorrow, next support will be at 0.16 [...]

Looks like BHI is at the mercy of its 76.4% Fibonacci Retracement level support before it will go into the abyss. Current price is now 0.122 which is 4.69% lower than yesterday’s closing. Without news and probably jockey has left this stock to rot, a greater possibility this stock will continue to go down. Caveat!

BHI continued to show some bullishness. Now its out form the slope (resistance) but is facing yet another resistance at 61.8% Fibonacci Retracement. Price climbed above that level but didn’t make it to stay at that level during the closing. This level has been its support last December – January until it finally gave in. [...]

BHI have been trading within the 61.8% Fibonacci Retracement level for quite some time now. Is it time for BHI to fly high? Looks like bid side is picking up but there is still hesitation to aggressively dominate the higher level. Let us see if we will have a bounce from the current level and [...]

BHI has been trying to break from the 61.8% Fibonacci Retracement level but it seems some forces is trying to pull the price back. Price today went up as high as 0.142 but settled for 0.138 Will there be another try tomorrow? The last time bulls showed their power on this level it was 5 [...]

I am speculating a rebound from BHI soon. Price is near the lower band and candlestick is a doji. More or less the same as what we have seen few weeks ago. Dojis are indication that traders are now in an indecisive mood as to where they want the price will go. Normally it cues [...]

The descending triangle on BHI is no match on what bulls can do this time. Following the news about the issuance of shares representing second tranche of subscription by JP Guilds Inc. The rampage started when the trading halt was lifted at 10 am today. It gaps up and never look back. Looks like another [...]

We have seen BHI consolidates and may still consolidate a little further but based on our chart it is nearing end of the Descending Triangle. Does this mean traders will soon leave this stock? Are the bulls getting tired of defending this stock? The Descending Triangle is a bearish formation that usually forms during a [...]

BHI may have some few spikes but it seems that bearish sentiment is still intact. Intraday rally may be good for those you are looking for fire exit. Before the closing, the price was on the 50% Fibonacci Retracement level but somehow it was able to move up a little. 37% of the total traded [...]

Today’s action wasn’t strong enough to break from resistance but not too weak to fall out from our pattern. It went down few notches but somehow managed to stay afloat. Maybe its not yet ripe for this stock to go up. Ate BHI is still undecided if she will run or not. Caveat!

Looks like we have a bullish signal for BHI on our daily chart. But how far will the bulls bring the price up before the bears will pull it down again? Looking at the weekly chart this may go sideways. So maybe this is just a small rally in a generally downtrend? Or a surprise [...]

Looks like the bearish signal found early on (BHI from heaven) is more powerful than the Morning Star that was created last Friday. Price didn’t zoom. Or traders weren’t interested on this today as reflected by the low volume? I’ll leave this stock for now and will comeback. Caveat!

BHI have fallen from the top and continues to do so today. But closing price of BHI creates a spinning top. This is a candidate for a Morning Star formation but that means we need to see a green candlestick tomorrow. In a Morning Star formation, We see the red body in a falling market [...]

Careful with BHI as it might fall from the heaven (not like the manna). The candlestick today don’t fit the description of Bearish Gravestone Doji and Shooting Star but its good to be prudent. Anyway, book definitions are just.. definitions. It doesn’t need to be exact. Don’t worry we still need to get the reversal [...]

The Harami that we have seen yesterday did not confirm the reversal. This might go sideways for now. Today’s action shows that 0.14 is a good support. Caveat!

The Hammer last August 22 didn’t make the price to go up. Today we have another formation that may reverse the trend. The last two candlesticks formed a Harami. Harami Pattern is characterized by a small green real body contained within a prior relatively long red real body. “Harami” is an old Japanese word for [...]

Will BHI reclaim its glory this time? There was a good price movement last Friday. From 0.1350 to 0.1470 some of the traders are on roller coaster ride. The biggest percentage of the total traded volume was found at 0.1470 even leaving some 2.4M volume of unserve bids. Although the candlestick last Friday looks like [...]

I don’t know why, You said goodbye Just let me know you didn’t go forever my love Please tell me why, You make me cry I beg you please I’m on my knees if that’s what you want me to A red candlestick after another which started after we have seen the Hanging Man. Maybe [...]