Trader's Logbook

Bulls are trying to stop the bears from doing more damage last Monday. But they are short in numbers that is why they were not able to bring the price up. With price still below the 50% Fibonacci Retracement level, the risk is still is quite big. I think it needs great power to bring [...]

Has the Shooting Star on BHI been confirmed of its just a reaction from a few traders who either panicked or sell some shares? Current price pierced below the upper band of Bollinger Band and price is now at 23.6% Fibonacci Retracement level. If things will get ugly tomorrow, next support will be at 0.16 [...]

PGOLD settled at 39.90 at the closing with 2.84% or 1.1 points up from the previous trading day. Price didn’t pierced the resistance level at the closing but we had a good gap up at the opening. The traded volume concentration is at 40.0 Will there be another rally tomorrow? Let us see where this [...]

PNX turned green today but not a convincing move. Bulls doesn’t showed up with its full strength which lead us to think that bears still rule the battlefield. I think a move that will bring the price inside the Bollinger Band with good candlestick formation should be a good ingredient for a reversal. BUY signal [...]

We haven’t seen much activity on PGOLD as it registered a relative low volume today. Is this the calm before the storm thing? Will the price go up soon after the “slowly but surely” ascend? Our price that bounced from 23.6% Fibonacci Retracement level is heading towards the 20-day SMA line. If its going to [...]

The last two trading days last week made BLOOMers happy as the stock reverses from the trend. But will it continue? Will there be a new group of ipits this week? I think the big challenge here will be the resistance at 13.0 If the bulls can sustain the bears at 13 then this might [...]

Another test at the 23.6% Fibonacci Retracement level (support line) for BPI. This line has been tested a couple of times already. Will it give way to the bears this time or will it stay strong? Earnings report at 05/02/2013 is fast approaching. This could be anybody’s ball game for now but we’ll definitely monitor [...]

Support level for CPG need to be strong or it might fall hard. Last time it bounced at the 38.2% Fibonacci Retracement level was last April 19. It was on that day that we saw a Doji and the lower slope support. This time, CPG’s price is approaching the lower slope with back up support [...]

The area for EDC‘s price to move has been getting narrow each day but I think its not yet time for a break out. Last Friday it went up as high as 6.69 (within resistance zone) but settled at 6.57 We have been seeing a higher lows but it seems it is still having a [...]

FGEN looks promising with the bounce from last Friday. Based on Fibonacci Retracement levels, 38.2% is our support which showed to be strong last week. This movement also brings the price inside the bollinger band from the lower band. Looks like this is heading north with additional indicator RSI saying BUY. Let’s see how it [...]

FLI may try to break the 2.0 resistance level again soon based on how the price moved last week. The higher lows suggests the bulls are not going to give up just yet. And the 20-day SMA line showed to be a strong support also. A break with a large volume will make the price [...]

Looks like SLI needs to extend its consolidation time. The Symmetrical Triangle formation is still present while traders are guessing as to how much will be the FOO price will be. Although Symmetrical Triangles are most of the time considered continuation pattern, we can only tell where it will go once there is a break [...]

The bad news about PNX (https://www.citiseconline.com.ph/Final2/Researchcompupdates/DOWNLOADS/Alert%20-%20PNX.pdf) made the price of the stock to fell 9.23% at the closing piercing through 2 Fibonacci Retracement levels. Will there be a continuation tomorrow? Current price is within the support area. This area may go down to 9.22. This is a good time to monitor this stock. Don’t catch [...]

Interesting to watch as BLOOM stopped the winning streak of the bears. After few days of going south, BLOOM finally bounced from 61.8% Fibonacci Retracement level with a good gain. The question now is whether the bulls still have the strength after today’s combat. Based on BLOOM‘s history, there were instances that after having a [...]

FGEN is again at the 38.2% Fibonacci Retracement level (support level) Previous visit at this level proved that the support line is strong as price bounce after that. Will it be the same this time? Looks like the aim to close the gap above is far-fetched as of this time. Caveat!

TA finished with Shooting Star today. Although it is has a low reliability, it is a warning signal for possible reversal. The Shooting Star tells us that the stock opened near its low, then prices strongly rallied up and finally prices moved down to close near the opening price which means the rally of the [...]

DNL gaps up at the opening and bulls began to rally but around 11 AM the selling pressure began to be felt. It went back to its previous price and then turned red until the closing. The movement today showed some bearish sentiment. Candlestick pattern showed a Dark Cloud Cover which is a quite strong [...]

CPG went up as high as 2.23 but retraces to 2.18 at the closing. Based on our chart, it shows that CPG wasn’t able to fully regain control above 23.6% Fibonacci retracement level (resistance). This line is interesting since we saw a good movement here few months ago. If the bulls will be able to [...]

After the rally to as high as 7,120.48 yesterday ahd historically achieving new high, PCOMP went down 1.94% or 138.12 points to 6,982.36 and creating an Harami Pattern. What happened yesterday was a breakout from the resistance. This newly found support will now be the area of interest for the investors. Will there be a [...]

BLOOM continued to go down breaking the support at 50% Fibonacci Retracement level without a sign from candlestick for a reversal. RSI is now at 21.48. Better to enter when there is a good indicator. Let’s wait. Caveat!