Trader's Logbook

ELI bounced at 23.6% Fibonacci Retracement level. Looking at the chart we could see that this price zone has been a resistance before the price went as high as 1.21. Is ELI done taking a rest? Currently our price is below the 20-day SMA line but is above the lower band of Bollinger Band. Looks [...]

ELI is silently climbing up the ladder since last week. From the lower band now to the upper band of Bollinger Band. Last two days ago we have an unconfirmed reversal from a Doji but today we have another Doji. Will it be confirmed this time? Will price go down after this or it will [...]

Is ELI about to break loose or it still need to touch the support before doing so? When we saw the two dojis few weeks ago we thought it is the ripe time for it to bounce but that time it failed and try to construction a continuation pattern called Descending Triangle instead. In most [...]

Looks like ELI still have the bullish bias after it close with a Doji candlestick the second time around. our observation remains the same after it closed although during the morning session we thought that it will fall down because of discouragement that some traders were having. We are looking at 23.6% Fibonacci Retracement level [...]

ELI has been going down for a few days now. Today, a sign of reversal emerges. Just like what we saw last week of December when it reverses, the same candlestick can be seen today. Will there be a repeat of that rally? Or this time it is going to be a different story? Caveat!

ELI‘s White Marubozu following the spinning top on our weekly chart suggests it still have a chance to go up following the 9% ascent last week. With a strong force from the bulls, price may cross the upper band of the Bollinger Band. It may get some resistance at 1.10 Caveat!

Still looking good on our daily chart as it stays above the upper band and candlestick is a neutral one. No signal for reversal yet but price movement may be affected by profit taking tomorrow on some traders who bought at 1 or lower. Took some profit on ELI today. Caveat!

Looks like ELI is not yet finish as it advances today by 4.85%. Yesterday, the bulls defended well the 1.02 level. As price stayed above the Bollinger Band, we might still see a good advance for ELI tomorrow. Or is it time to change course? We don’t have a strong signal from today’s candlestick as [...]

The long green candlestick today suggests ELI will soon have a new battle field above 1.02 but that is if it can stay above the resistance level. I think ELI just went above the resistance today but the margin is too narrow it might slip from that line tomorrow. Still a bullish bias is in [...]

Looks like ELI is tired of going up the hill and after the indecisive mood (two days) it finally make its move going down. Will it continue to do so? Looking at the daily chart we can see an Evening Doji Star (can have 1, 2 or even 3 dojis at the center). While the [...]

Good rally for ELI as it rise from below 23.6% Fibonacci Retracement level to above it and breaking the resistance. For a few days, ELI’s price is playing within the 23.6% level but today it went up with very good volume. Expect to have a test of newly found support for this stock tomorrow. Will [...]

ELI ended up with a Harami formation plus the last candlestick is a Hanging Man. Yesterday it closed with a 2% decline after rallying 4% the previous day. But it seems that after the rally, ELI is getting tired and may soon correct. Both Harami and Hanging Man are low-reliability indicators but one should be [...]

A good rally for ELI as it breaks the resistance at 23.6% Fibonacci Retracement level. Yesterday I thought the formation was a BULLISH GRAVESTONE DOJI but was hesistant to enter because normally it is a red candlestick followed by a Doji with no lower tick. Well, the price just went up and I wasn’t able [...]

Good rally for ELI boy as it pass through different resistance levels up to 0.87 Today’s close at 0.88 with good volume suggests the bulls are not yet done. Buy signal on MACD plus low RSI, this may rally more until Oct 5. The 0.88 might be the last resistance before the 0.94 Caveat!

End of the stock rights offer is very near. Will there be a play for ELI? Is the spike today means the beginning of the series of spikes until October 5? Looks like the price of ELI was pumped at the closing. It was trading most of the time at 0.83 up to 2:59 and [...]

ELI has been going down lately even with the speculation that it will reach 1 because of the stock rights offer. Now trading midway 23.6% and 38.2% Fibonacci retracement level. Our formation is a small Gravestone Doji. Is it the signal for reversal? or are they going to pull the price near the 38.2% until [...]

Has ELI (EMPIRE EAST LAND HOLDINGS, INC) finished consolidating? The large green candle today seemed to suggest that it is now going to move up. It broke the resistance at 23.6% Fibonacci retracement level. Onward to piso? Let us see the movement tomorrow for some confirmations. Caveat!  

ELI (EMPIRE EAST LAND HOLDINGS, INC) had a slow start until finish. It seems there is no effect for the SRO ex-date. Record date will be 3 days from now. Are we going to see a rally by that time? Will it repeat the rally we found last July 16? Looks like prior trend is [...]

opps! ELI slipped and broke the support. We have given this stock 1 week to show its power. Have we seen all of it? Monday will be a big day for ELI. Big loss or big gain? You have the choice. It is good to monitor this stock tomorrow as to where the price will [...]

Yesterday, ELI broke the resistance at 23.6% Fibonacci Retracement level (time frame 1 year) but today it seems that the bullishness of the stock is about to fade. Or bulls are just taking a rest for the week ahead. If price will go down tomorrow, it might just be the headwind that we are anticipating. [...]