Trader's Logbook

Looks like we don’t have a good support to hold MWIDE as of now but the 17 level. Although we see that it is currently constructing what could be the new support at current price, it is still very weak. On our chart, I have illustrated how the previous resistance became a support. Price bounce [...]

We have a good reading on this stock last week and I think this stock will still give a good gain for this coming week. The Dragonfly Doji we have seen last time has just been confirmed of its bullish sentiment. On our last week of trading MWIDE gave us a good 8.05% gain. Maybe [...]

Getting a cue from the Dragonfly Doji on our weekly chart, MWIDE went up by 7.38% this week and most of the advance was on today’s trade. Our candlestick today is a White Closing Marubozu. This candlestick can either be a reversal or a continuation pattern depending on where this is located. Since our current [...]

Price of MWIDE is in a downtrend and our last candlestick on our weekly chart suggests that there was a sharp sell off that happened but suddently it lessen and the price reverses direction and start to go up closing at near the week’s high. This movement causes the long lower shadow of our candlestick. [...]