Trader's Logbook

CMT went down yesterday by 13% and today it went up by 7.5% but could this be a bull trap knowing we only have a few trades? I don’t see any good indicator to confirm reversal. I think it would be good to stay away from this stock for now or just monitor the movement [...]

CMT‘s candlestick last two days ago which we were anticipating to be confirmed was followed by a little doji. Now it dips further from one Fibonacci level to another. Now nearing 50% level, will it dip more or it will find support at that level? Let us see what candlestick we will get tomorrow. Caveat!

A good reversal indicator appears on CMT today. The overall direction of this stock is bearish, characterized by a downtrend. We have seen today a selling pressure but then it close in green and close at today’s high as depicted by the long shadow. This candlestick looks like a Hammer (or could be a dragonfly [...]

CMT‘s decline today is very small which may be considered just a test of its support after the breakout. Still above the 23.6% Fibonacci Retracement level but this may also go down following the falling wedge formation it is currently making. Today we have found help from JP MORGAN who is the top buyer at [...]

Looks like the technical rebound for CMT has just happened today. But the question is, will it continue? If we will look at today’s chart we see a good bounce from the 23.6% Fibonacci Retracement level. It also brings a good volume. But if we look at the weekly chart we see that we have [...]

We may see a technical rebound for CMT as its price today settled at 2.41/sh which sits on the 23.6% Fibonacci Retracement level. We also notice that it has a LONG LEGGED DOJI candlestick today which suggests that traders are now Long Legged Doji shows that there is a great deal of confusion and indecision [...]

Current price of CMT is within the consolidation area of Ascending Triangle. This triangle is a bullish formation that usually forms during an uptrend as a continuation pattern. There are instances when ascending triangles form as reversal patterns at the end of a downtrend, but they are typically continuation patterns. Regardless of where they form, [...]

CMT (Southeast Asia Cement Holdings, Inc.) After the voluntary trading suspension we saw a sell off accompanied with a big volume. We also noticed that prior to that we is a red candlestick forming a Hanging Man. One look at it we could see that it has been confirmed by the large red candlestick thereafter [...]

We have seen the rally of this stock until we saw the Bearish Shooting Star Pattern last August 6 CMT chart. Is it now bound to go north? Notice that the price movement last Friday dipped beyond the 23.6% Fibonacci Retracement level but was able to gain momentum at the closing thus staying afloat that [...]

CMT has been going uptrend for a few days now with approximately 30% total gain. Today’s candlestick warns us to be cautious because of the Shooting Star. A Bearish Shooting Star Pattern suggests that prices may be approaching to a top. The shooting star is a small real body characterized by a long upper shadow, [...]