Trader's Logbook

DNL gaps up at the opening and bulls began to rally but around 11 AM the selling pressure began to be felt. It went back to its previous price and then turned red until the closing. The movement today showed some bearish sentiment. Candlestick pattern showed a Dark Cloud Cover which is a quite strong [...]

This stock has been failing to emerge from its resistance. Will it disappoint investors this week? Last Friday it went above 7.03 but failed to stay at the top. Volume traded was concentrated on 6.99 and 7.00 Looks like we still have a good trade this week for this stock as it climb to the [...]

As what we have said before that DNL needs a new support line because the 6.50 is too far and every time DNL will have a rally it gets tired when it reach 7.0 Today’s candlestick shows a possible reversal from the 4-day decline. What we have right now looks like a Gravestone Doji formation which is has [...]

The resistance seemed to be so hard to break. Even the 7.0 psychological resistance is also strong. As of this time DNL shows a bearish sentiment and may go back to its support line to gather more strength. Problem with DNL is that after bouncing from the support line, it get tired and loses momentum [...]

A good rally for DNL today which move up by 3.74% from yesterday’s close. Tomorrow will be another try to break the 7.0 immediate resistance which is quite strong. After the Hammer yesterday, we have seen a good green candlestick today. Is this it? Lets see if the resistance has now soften after bulls tried [...]

DNL was down as much as 6.07 per share but was able to come back in the afternoon. It turned bullish around 2:45 in the afternoon and closed at 6.68 per share. The rally creates a low reliability Hammer pattern. This is a single candlestick which has a real body with very small upper shadow [...]

DNL failed to move up and instead it dropped 4.90% to close at 6.60. Intra-day low shows that it breaks the 23.6% Fibonacci retracement level (support line) but was able to close above that line. Is the fibo line strong enough to hold the price from dipping further? Near 6.0 is our back up support. [...]

This stock didn’t made much noise last Friday but it didn’t follow other stocks that were going down. As a result it formed a short red candlestick which is a neutral type of candlestick. I think at this point it is still on track with the bounce. Are we going to see a break on [...]

A good comeback by DNL after the Hammer yesterday. Is this the time to shine? This will be the 3rd time DNL will try to break the resistance. Seems like we have an Ascending Triangle formation. The ascending triangle is a bullish formation that usually forms during an uptrend as a continuation pattern. There are [...]

We have a signal from DNL for possible reversal. But this is a low reliability Hammer found at the 20-day SMA so we need a confirmation. It would have been better if its a Dragonfly Doji pattern or Green Hammer but still its good to speculate at this point for a possible bounce. If in [...]

Since the last time we saw the chart of DNL (Sideways with bearish bias for DNL for now), it has been a bear-all-win-game. We were looking at 23.6% Fibonacci Retracement level as our support line. This time we might get some help from 20-day SMA line. If this holds strong then our 23.6 camp may [...]

DNL is having a hard time breaking the resistance at this point in time. As we can see on our chart, after touching the resistance line it retraces and may go back to the support line. Bulls were trying to protect the price but came out short. As of now this may go sideways but [...]

DNL is on schedule to fly from 23.6% Fibonacci retracement level. Two succeeding rally by DNL and it seems the bulls are still very strong. 7.0 will be our psychological resistance. Will bulls be able to break that tomorrow and face the ultimate resistance? Caveat!

Are we done testing our support zone? Last Friday was a good one for holders as DNL rallied for 4%. At this time holders can breath with ease. We see a more bullish sentiment on this stock and may soon try to break the resistance. We see on our chart that 23.6% Fibonacci retracement level [...]

DNL going down for few days now trying to find its support. Last Friday we saw a large red candlestick that touches our 23.6% Fibonacci Retracement level and then followed by a Doji. we thought selling pressure is already gone but today sellers are doing what they do best again and this time driving our [...]

DNL continued to go up after yesterday’s gap up at the opening. Still COL the top buyer today with the help of BA and CLSA. What we thought last week that it might create a rectangle formation was not realized. As of now we do not have a resistance but the intraday high to 7.0. [...]

It seems that DNL is in the process of making a Rectangle Formation. Our previous resistance zone at around 5.8 – 5.9 was broken and was tested as a newly found support line last week. It bounce at that level and price went up with a good rally last Friday. The heat was put off [...]

Once has been considered a strong resistance that took DNL 3 tries before it can break is now our strong support for price not to go down. This support zone can be seen around 5.8 – 5.88. Last week we saw DNL went down for 3 successive days but manage to stop the selling pressure. [...]

Looks like DNL is creating a stairway going up. Noticed how it makes a horizontal line after the ascend. Is this a stairway to another all time high or a ramp has been created waiting for the diver? A lot of times, DNL doesn’t look at the Doji as a reversal signal. Caveat!

A tag of war between the bulls and the bears showed on our daily chart depicted by the long legged doji candlestick. This candlestick tells us that there is a great amount of indecision in the market. The price traded above and below the opening price and settled near its opening at the closing. Since [...]