Trader's Logbook

Good rally by LC which is up by 2.13% at the closing. Is this the start of its ascend? Looks like LC chooses to go north. Just like few months ago when LC rebounded, we have the same formation and the same BUY signal on RSI (Relative strength index). Will the-always-late MACD posts a BUY [...]

LC was down by -11.32% last week. Will it continue to go down or we will experience a bounce at this level? After the big fall last April 2 I thought the next day was a fire exit but the remaining action last week shows indecision among the players. This is something of interest for [...]

Are we having a Rectangle Formation on LC? It looks like. But at this stage we are in a risky situation if in case it turns sour but a good reward if it will bounce and break the resistance. Current price is at the support line and we can also see a bullish bias brought [...]

LC is trying hard to break the 1.20 resistance level. First attempt to break this resistance was last October but failed then another try last month only to pull back. This past few days including today, attempts to break the line failed but it seems the bulls will not give up that easy. Another try [...]

LC is up by 1.74% today and it looks like LC is doing it slowly but surely to bounce from the 20SMA. At this time it is heading for the sky but may experience turbulence at around 1.20 Caveat!

Another possible reversal for LC. But we have seen a lot of signals already. Is it going to reverse this time? This time we see a medium reliability Engulfing Pattern at the bottom of the downtrend. Usually we look at this pattern as a signal for reversal because this shows that the downtrend is losing [...]

Is it a good time to accumulate LC? I don’t think so. Unless you are looking at long term investment. Technically, LC might go down more as it breaks from 50% Fibonacci Retracement level. Price went down as low as 0.98 within the week although it close at 1.01/share but still that is 8.18% decline [...]

LC went down as low as 0.98 but it closed at 1.01 creating a Hammer candlestick at the bottom of the trend. Is this enough to indicate that we will have a technical rebound soon? The Bullish Hammer Pattern is a significant candlestick that occurs at the bottom of a trend or during a downtrend [...]

The last two days of LC showed us a Harami formation. Will there be a technical rebound?(Bullish Harami on LC). But looking at the weekly chart, price still within the 50% and 38.2% Fibonacci Retracement level and looks like it will continue to go sideways. Another thing we notice on our weekly chart is the [...]

A bullish signal but low reliability can bee seen in today’s chart. Yesterday we have a red candlestick and today we have a green one that has been engulfed by the red. This pattern is what we called Harami. Bullish Harami Pattern is characterized by a small green real body contained within a prior relatively [...]

LC today ended with a DOJI candlestick after going up as high as 1.21 If we have observed, in the recent past LC shows that its reversal are signaled by Dojis. Does the doji today suggests that there will be a reversal soon? If you see in the graph its the doji at the bottom [...]

When we saw the Doji last month, it signaled a reversal thus we saw a generally upward trend with some headwinds along the way. Few days ago we saw a Meeting Lines formation (Bears spotted on LC) although LC makes a come back two days after that but today what we are seeing is a [...]

Are we seeing a Bearish Meeting Lines formed on the last two candlesticks for LC? This stock is in an upward trend. Yesterday we saw a long green candlestick. Today, the price went up but it went down making the today’s close equal to the previous close. Bearish Meeting Lines Pattern is a top reversal [...]

LC is down by 5.13% to close at 1.11 a share Is this heading for the 1.06 – 1.01 to fill the gap? It has been more than a year since that gap was made. Time to fill it? I’d like to think so. Caveat!

Was yesterday’s 1.31 the Last Call for LC before it will go down further? There is a big gap at 1.06 – 1.01 What is the chance of the price going down there? I think there is a big chance because I couldn’t see any good reason for it to go up.

An interesting candlestick for today’s chart. The trend is down and today it gaps down with a hammer candlestick. Very interesting so I try to buy at 1.28. Speculative play. We still need to see confirmation tomorrow. The Hammer is a bullish reversal pattern that forms after a decline. In addition to a potential trend [...]

Immediate major support for LC at 1.30 was almost breached at the closing today. If price will continue to go south, our next support will be at 1.19 Caveat!

LC turns sour Our positive outlook for mining, specifically on LC/B was cut short. LC went up as high as 1.5 but stayed there for a few minutes. It stayed most of the time at 1.44 but dipped to 1.39 until closing. The EO for mining wasn’t that good as speculated. So what does our [...]

There is no significant pattern that we can derive from LC/B but there is one principle we can rely on and that is Price-action Volume 3 day ascend. The difference between July 5 and 6 volume is too wide I don’t think we can consider July 6 as second day ascend. Also, it was on [...]

LC – Lepanto Consolidated Mining Company Very interesting price movement for LC today as it closes in a Doji (meaning its price opened and closed on the same amount). What interests me is the way the bulls holds against the bears. Despite the postponement of the release of the EO that traders been waiting, the [...]