Trader's Logbook

LIHC went down by 5.10% last week but was able to show some bullishness at the last trading day creating an Engulfing pattern. Before Friday’s action, the price of LIHC went below the lower Bollinger Band then recovered last Friday. We also got a green flag on RSI which is our secondary indicator. With these [...]

We are waiting for the righ signal for LIHC to reverse. It went up as high as 1.03 but close at 1.01 a share today. We have a signal but its quite bleak as we only see a low reliability bullish reversal candlestick called Harami. Also, it didn’t cross the 61.8% Fibonacci Retracement level. The [...]

LIHC failed to bounce today (or yesterday) from the bottom and instead it declined for 3.88% at the closing today. Long red MARUBOZU candlestick is what we got and it breaks two supports. One around 61.8% and the psychological support at 1.0 Will this stock turn to be a bad apple or it was just [...]

Some traders are still in a bad position after this stock went down following the Doji and followed up by a sell off. Both appeared mid October. The scenario was a repeat of what happened last June of this year. As the price went down, our weekly chart tells us that our price might be [...]

LIHC has been showing indecisiveness for a few days now. And if you look at its bid side, you see that on all fluctuations you have a good volume. Usually around 2M volume on each level while sell side has only 2K average on each level. There is a big discrepancy but somehow LIHC can’t [...]

We didn’t get the formation we wanted for LIHC which is the medium reliability ladder bottom but we get relatively equal in terms of reliability. We got the Bullish Gravestone Doji. Gravestone Doji is a specific Doji with opening and closing prices equal to the low of the day. The Bullish Gravestone Doji Pattern is [...]

LIHC has been going down south for 4 days now. Daily chart looks awful as we see large red candlestick after another. But today we see a red candlestick with a long upper shadow. Although we are not yet on the brink of reversal but this shows us that bears are almost done. If tomorrow [...]

Looks like we really need to be careful with LIHC. Today, it entices the traders to get in as it rallied and reach as high as 1.39/share but then it went down by 6.11% to 1.23. I think the drop is now the start of creating the handle for the cup. Although the fall today [...]

LODESTAR INVESTMENT HLDG CORP. (LIHC) We have said last week that its bullish sentiment is still intact but after looking at today’s weekly chart we see a Doji. Are we going to encounter a major headwind this week or it will totally reverse at this point. We also said last week that 1.30 – 1.33 [...]

LIHC‘s bullish sentiment is still intact. It may continue to go up with some headwinds along the way. Resistance at 1.30 – 1.33 might be strong. MACD has a BUY signal but RSI is nearing overbought so it might loosen a little within a week but that should be considered a healthy correction as it [...]