Trader's Logbook

Currently hovering just above the psychological support 2.0 and 38.2% Fibonacci Retracement level, this stock has the possibility to bounce. Based on movement last February of this year, we have seen that this stock pauses for a few days after it resumed to go up. Another instance was last March and that time traders were [...]

MEG went up by 4.33% following the buy recommendation from COL. New FV estimate is now 4.90 (https://www.citiseconline.com.ph/Final2/ResearchCompUpdates/DOWNLOADS/2013-04-18-PH-S-MEG.pdf) Because of the rally, we have now a newly found support near or at 4.00 Normally there will be a test of support after the break. Based on Fibonacci Retracement level, our next support will be at [...]

Good rally by AGI which went up by 5.96% at the closing. Volume of the trade is concentrated at 24 most at the closing. Top buyer today is CLSA PHILIPPINES, INC. which sold only 240K volume while buying 4M volume. What’s brewing here? Immediate support may be seen at 23 before the 23.6% Fibonacci Retracement [...]

VUL did a big leap for the 2nd time following the disclosure and 1 hour trading halt. The price went as high as 2.10, few flucs short of the 2.2 all time high but settled at 2.04 per share. The price action created an interesting candlestick called Long-legged Doji which is a bearish signal if [...]

While other stocks are going up, PGOLD did not join the caravan… yet. Close by 1.7% today with a little less volume compared yesterday. Traded volume is concentrated at 40.70 which translates to 69% of the total volume. Based on the 6-month chart, we could see an interesting movement on 23.6% Fibonacci Retracment level. Is [...]

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% [...]

CPG still hovering above but near its 20-day SMA. Yesterday it went down that line but managed to go up. Today its more bearish as it close on the line. Last time we thought CPG is hungry for the belt but seems it is resting for the meantime. Caveat!

TA is having a hard time leaving the 23.6% Fibonacci Retracement level. After few tries its now back below the line. Will this stock go back to its support line? Previous price movement showed that 38.2% Fibonacci Retracement level served as a strong support. Maybe a test buy at that level wil give us a [...]

From below 0.70 per shaer last January, this stock went up as high as 1.35 before going down. The price action creates a Symmetrical Triangle. This formation is regarded as a continuation pattern. What’s happening during this formation is that the market is making lower highs and higher lows. This means that neither the buyers [...]

SMDC is having a hard time staying above 9.0 and as the space within the triangle getting narrower this could now be a make or break for SMDC. The bulls might get tired trying to break the resistance and this will cause price to drop if ever the resistance is really too strong. Support level [...]

BKD currently having trouble breaking the 23.6% Fibonacci Retracement level. Two days of trying and two days of failing. This might cause the bulls to get tired and bears to show its power driving BKD back to its support line at 38.2%. Generally, this is still in an upward trend. Caveat!

EDC retreated by 1.53% and is now in the mercy of the 20-day SMA line (our current support line). Just like what happend on previous rise to 6.60 mark it corrects before continuing. Will there be a chance this will happen again? I think what happen today together with other stocks is that some traders [...]

Looks like we have something interesting for SMDC. As we can see in our chart we have our resistance (horizontal line) and then we have our support formed by the higher lows which act as our support. Even if most often we will see the price breaks after sometime on this formation there are still [...]

Last Thursday we saw PGOLD did a good job and much that we cheer for this stock to continue move upwards, we are also reminded that sometimes price will test the newly found support before continuing. Is last Friday’s descend of 2.29% can be called a test of support or prior day’s movement was a failed [...]

After 6 consecutive decline we saw MED took a reverse and successfully done it for the last two days. The question is: will it continue? Based on MED’s chart we see the 20-day SMA acted as a strong launch pad for this stock but it seems that every red candlestick’s highs will be its resistance. [...]

This stock has been failing to emerge from its resistance. Will it disappoint investors this week? Last Friday it went above 7.03 but failed to stay at the top. Volume traded was concentrated on 6.99 and 7.00 Looks like we still have a good trade this week for this stock as it climb to the [...]

We have been speculating that this stock will hit the resistance and eventually close the gap above but it seems it is taking a little bit slow. It seems we have an immediate resistance at 6.60 as we have experienced for the last two days. This week should be enough for us to see where [...]

ABS is moving out from its current trading range with a good volume but at the same time is met with another resistance zone. ABS needs to retain its momentum so it can further break the immediate resistance. In case this will rest, our newly found support should be able to stop the price from [...]

Looks like SMDC is creating another triangle after we saw it on our post SMDC: Breakout now or later? The resistance around 9 seemed to be so hard to break but bulls aren’t giving up yet as reflected on higher lows candlesticks. Let us see how this development unfolds. Caveat!

PGOLD continued to rise today as it close 1.84% to 41.45 a share. MACQUARIE tops the buyers list. Today’s price breaks the trading range we have seen for a few weeks. Looks like the bulls has just started so there is a great change it will continue its ascend but don’t forget that sometimes price [...]