Trader's Logbook

Another impressive run by MER as it continue to go up to a new territory. Closed at all time high 361 per share with RSI now at 82.48. Is there still room for another ascend? Maybe there is but one should also be careful at this level. Currently our support is around 330 or 23.6% [...]

MER‘s ex-date is on March 21. Looking at the history of ex-date cash div dates we have: 3/20/2012 exdate it dropped by 2% but previous day it went up by 4% 8/23/2012 exdate it went up by 4.9% but it has been dropping for 5 days (almost consecutive) before the exdate. Looks like we don’t [...]

Middle weight MER was red most of the time until few minutes before closing when RCBC SEC bought shares at 322. If we look at the chart today, we could see a Hammer and its lower shadow helped close the gap from last few days ago. Price also kiss the 20-day SMA line before bouncing. [...]

As we see a lot of stocks have already lift off far from the ground – breaking resistance level, we thought of those as with bigger risk of falling or at least finding a new support line below its current price compared to MER which has just broken from the strong resistance. Now the 300 [...]