Trader's Logbook

GMA7 almost close the gap (or we may consider it closed) but after that we see a bearish signal waiting for confirmation. Daily chart shows a pattern that looks like an Abandoned Baby (less the gap of the doji), are we going to see a reverse move of GMA7 while rival ABS is going to [...]

The disappointment that brought by the bad news about GMA‘s JV with MVP last October 4 seems to have already been accepted by the traders and investors. Its on the first week of this month that the price went down badly with a gap down. GMA is now recovering but it may be slow for [...]

Earlier today we thought GMA7 will have a technical rebound but instead it falls down big time breaking the support from the slope and the 38.2% Fibonacci Retracement level. RSI is now very low at 21. What is the reason of the sell off? When stocks go down deep like this, its is a good [...]

GMA7 has been in a decline from the 23.6% Fibonacci Retracement level. Price is nearing towards the 38.2% but will it go deep down there or a rebound is about to happen? During the decline the candlesticks looks like hammers but bullish sentiment wasn’t confirmed. Is the reversal going to happen today? MACD has a [...]

GMA has been generally trending downward since July as presented in the chart. Although there were some rallies along the way but they were not so big. Current price rests below the 23.6% Fibonacci retracement level. Is it going to break from the support or smashes the resistance soon? The way the pattern was formed, [...]

With the news dying down as quickly as when MVP said that “they are on again” (MVP – GMA, sometimes on, sometimes off) the stock is still trending sideways. Last time we checked on this stock until now it has been trading on the 23.6% Fibonacci Retracement level with a bias of going down. RSI [...]

Interesting candlesticks. For the past 4 trading days the price always went below 23.6% Fibonacci Retracement level but was able to bring the price above the level during closing. It seems that someone is trying to pull the price down while another group is pushing it up and for quite sometime the pushers prevail, but [...]

Last June 28 we saw GMA7 gap up followed by an uptrend movement for a few days then we saw a confirmed Hanging Man that reverses the trend. While it was going south we saw some indicators that suggests reversal like the two Dojis on July 19 and 20 but it wasn’t confirmed and a [...]

Do you think there will be a play for this stock while the dividend ex-date is approaching? Disclosure from PSE http://www.pse.com.ph/resource/disclosures/2012/pdf/dc2012-5738_GMA7.pdf GMA7 closed 0.58% to 10.36 a share. The last news that we got was that the MVP and GMA buy-out talks have reached advanced stages (http://www.philstar.com/Article.aspx?publicationSubCategoryId=66&articleId=829556) But traders have heard a lot of this [...]

Breakaway gap is best supported if we can see a chart pattern before the actual breakout. In case of GMA7 its looks like there is a symmetrical triangle but its not 100% accurate. There are guidelines to follow when drawing a symmetrical triangle and in this case it SOMEWHAT fits. Still, I would say there [...]