Trader's Logbook

Last time we look into GERI we thought the Flag on GERI will help us get some good point for bounce but it failed and it continued to move within the downward channel. Currently the price is touching the lower slope and 38.2% Fibonacci Retracement level. The sell down was felt with relatively big volume. [...]

Looks like GERI is taking a pause after going up from 2.2 to 2.7 Is it done resting? Current price is at 23.6% Fibonacci Retracement level. The price action since mid April creates a flag formation which is regarded as a short-term continuation pattern that mark a small consolidation before the previous move resumes. The [...]

Looks like GERI is now bottoming out and price is leveling off at this point. Are we going to see a technical bounce soon? RSI is now pointing up and in a healthy state. Our candlestick today is what we called a White Opening Marubozu which could mean a start of a bullish run. But [...]

It seems that GERI will not go far without testing the newly found support first. Daily chart shows that GERI has broken from the resistance line which has been tried to break since 2012 but failed two times. These succeeding days, bulls tried to push the price up and was able to do it last [...]

Looks like GERI will test the support (previous resistance) before going up full blast. Or it will be a fake breakout? If only it closed where the end of the lower tail else, then it would be a more convincing bearish signal but instead the bulls where able to bring the price up a little [...]

Let us see how far GERI is going to reach after breaking from the Flag. Is it really equal to the pole? GERI went up since morning but is just playing at 1.9 level for a long time not until less than 30 minutes to closing when it break the psychological level of 2.0 The [...]

Its candlestick today suggests it might reverse its trend from uptrend to downtrend. This suggestion still needs confirmation by a gap down at the opening or a red candlestick. I will welcome a pullback at this stage as it might now form a handle for our cup. The handle represents the final consolidation/pullback before the [...]