Trader's Logbook

BKD went up as high as 1.42 breaking the 23.6% Fibonacci Retracement level at intraday but settled below the resistance line at the closing. Is BKD ripe for a rally after the long consolidation or its just a false rally? So far RSI is pointing up and cross on MACD may soon happen. Just be [...]

BEL didn’t give chance to those who Wait a little bit more for BEL at 38.2% Fibonacci Retracement level as it went up for two trading days now. Today it breaks and stayed above 23.6% level. This level will now act as our support and if it will hold strong, 7.0 and above should be an [...]

ALI went up by 1.67% last Friday showing some bullish sentiment as it pierced the resistance line. Last week we saw the Ascending Triangle on ALI. Looks like ALI is ripe to continue its ascend after the consolidation. Normally we will have a test of newly found support. Lets see if the horizontal line can [...]

We are still retaining our reading for TA which is sideways with bullish bias. The sideways movement usually happens after a big dip. Its like a calm after the storm. That is true if traders still have the conviction that this stock has room for growth. To those who have been on this price zone [...]

LTG is moving downwards after it hit as high as 28.40. Looks like it is approaching the 23.6% Fibonacci Retracement level and 20-day SMA. There was a Doji candlestick last Thursday but the next day’s candlestick didn’t confirm. For those who are not able to ride on this stock last time it was around 24, [...]

We have speculated last Friday that LR may bounce from 50% Fibonacci Retracement level but after rallying as high as 8.39, it settled near its opening price. The price movement could mean that while the bears are still in command, the bulls have just make their presence felt and starting to move forward making the [...]

Just as what we thought when PGOLD broke the resistance last time (PGOLD now at 40 level. Life has just begun.), it has the tendency to test the newly found support. Aside from the slope we also have the 23.6% Fibonacci Retracement level as our support. PGOLD is now back at 40 level but 45 [...]

APM went up last Friday by 3.55% breaking the 20-day SMA and 23.6% Fibonacci Retracement level (6-month timeframe) with relatively big volume. These lines becomes our support lines. This may move forward north if price will stay above the support level. RSI or Relative Strength Index says its not yet overbought. Caveat!

ELI bounced at 23.6% Fibonacci Retracement level. Looking at the chart we could see that this price zone has been a resistance before the price went as high as 1.21. Is ELI done taking a rest? Currently our price is below the 20-day SMA line but is above the lower band of Bollinger Band. Looks [...]

BEL is in a downward trend (short term) after it hit all time high 7.10 intra day last April 24. RSI or Relative Strength Index may approach oversold level soon. While the 23.6% Fibonacci Retracement level which acts as our support few days ago has been breached, it is now the job of the bulls [...]

BKD has been moving sideways for quite some time now with a small volume. It has been within the 23.6% and 38.2% Fibonacci Retracement level which, at this point, is anybody’s ballgame. If you don’t have any other stock to play with, just stay with BKD for now. Caveat!

The past movement of LR showed that it bounce after hitting 50% Fibonacci Retracement level, will it be repeated? This is an interesting stock as it formed a Gravestone Doji at the bottom while hitting the 50% level. When this candlestick pattern is found at the bottom of the downtrend, this suggests that the trend [...]

Will ALI soon rise? Looking at the chart it looks like we have an Ascending Triangle formation. The ascending triangle is a bullish formation that usually forms during an uptrend as a continuation pattern. Caveat!

It seems that MEG is not yet done testing the support line at 4.0 as it displays a bearish sentiment this week. The bulk of the traded volume is concentrated at 4.09 and 4.10 with RSI at 54.61 Caveat!

Is it time for PNX to continue moving up? Currently still in between the 38.2% and 50% Fibonacci Retracement level. Looks like this stock is just taking a pause after the big rally few days ago. Looks like the Harami is not confirmed. Onward to 10.50, shall we? Caveat!

Is the storm finally over for TA? Today we have seen TA on its regular volume and price action tells us that the supports has been holding strong. Our supports are still at 23.6% Fibonacci Retracement level and the 20-day SMA. Looks like this will go sideways with bullish sentiment but always on the lookout [...]

Another small step for PGOLD and this time totally going out of the resistance. Looks like PGOLD is making little step at a time. Will it continue to go up or we will have a test of support? For those who were left behind, buying near the newly found support would be a good idea. [...]

Looks like GERI is taking a pause after going up from 2.2 to 2.7 Is it done resting? Current price is at 23.6% Fibonacci Retracement level. The price action since mid April creates a flag formation which is regarded as a short-term continuation pattern that mark a small consolidation before the previous move resumes. The [...]

We were waiting for TA to create the handle for the cup last time (Shooting Star on TA, Cup and Handle soon?) and speculating 2.50 might be a good entry price but it didn’t happen. Instead it went up for a few days. I was upgrading my entry price at 2.7 because I thought it [...]

Currently PBB is at its support line (around 34). Last time it hit this level it bounced up to 37. Will it happen again? The Gravestone Doji found last few trading days ago shows indecision among traders and this sentiment extends to two more days. Usually if we will see a doji at the lower [...]