Trader's Logbook

As we all know, FDC has moved up significantly starting end of January this year up to first half of February. An in a 1-year time frame, it is generally in an uptrend. On its recent price movement we can see a channel created by FDC on its daily chart. It looks like a flag [...]

FDC is currently on an uptrend but declined by 2.24% today. Is this going to be a signal of correction? What we see on its daily chart looks like a Bearish Two Crows pattern. We see a long green candlestick 2 days ago followed by a small red candlestick that gaps up at the opening. [...]

FDC made multiple rallies giving last week a total of 13% gain to holders. But will it continue this week or bears will soon appear and change the mood? Last Friday we saw an Engulfing pattern which could mean the current trend may reverse. This pattern is compose of a small green candlestick followed by [...]

FDC may soon test its support at around 4.90 – 5.00 and it seems bears are ready to take the center stage if bulls will be lax. This bearish bias is reflected by today’s candlesticks which is a Shooting Star. Although it has a low reliability, there are times when this star causes sleepless nights. Fortunately we [...]