Trader's Logbook

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 [...]

Volume is dwindling but the price bounced from the 38.2% Fibonacci Retracement level. That is also where our 20-day SMA is. I was anticipating a pierce through these lines but it bounce before even touching. This might touch the 23.6% Fibonacci Retracement level soon as it continue to follow its general trend. In case of [...]

After we have seen the Continuation pattern for NIKL last week, the price of NIKL has finally broke the resistance with big volume. Will it continue to go up? Normally, we will see a test of newly found support after the break so it might not be good to enter at this stage because the price [...]

Too bad for those waiting at 3.5 for MEG as it reverses taking the cue from the Doji instead of diving to its support. MEG is up by 2.68% from yesterday’s price to close at 3.83 per share. I will still wait at 3.50 until a break from 4.0 will happen. Caveat!

Good rally by LC which is up by 2.13% at the closing. Is this the start of its ascend? Looks like LC chooses to go north. Just like few months ago when LC rebounded, we have the same formation and the same BUY signal on RSI (Relative strength index). Will the-always-late MACD posts a BUY [...]

EDC went up as high as 6.54 but settle for 6.44 at the closing. Although it was not able to close at the high, the presence of the bulls can now be felt after long days of being gone. If the bulls can hold their ground, this might close the gap very soon. The same [...]

CPG has been trading within the 23.6% and 38.2% Fibonacci Retracement level and just yesterday it traded above the 20-day SMA line. Is this the start of the ascend? How much strong is the 2.20 compared to the hungry bulls? Let’s see this week. Caveat!

BPI formed a Harami pattern after the price stayed inside the previous candlestick’s real body. Although it has a low reliability for trend reversal, our other indicator also says it has the good chance to rebound soon. The Harami Pattern is a sign of disparity about the stock’s health. While the price is going down [...]

Will MEG hit the support line again? Looks like it is heading on that direction. Although last Monday’s candlestick is a Doji, it wasn’t able to close above the 20-day SMA line. This could mean that the bulls are not yet interested in bring the price up. Maybe we can fetch some shares at 3.5? [...]

After the fall following the Shooting Star that we saw on our Philippine Stock Exchange Index last April 1 price is now about to hit the 20-day SMA line. Are we going to see a bounce from this level or it will continue to drop? Last Monday’s action is not really impressive even if the bulls [...]

PGOLD closed above 40.00 but still most of the volume were traded below that price with bulk at 39.00 Are we going to witness a break from resistance very soon? Still our support is the 23.6% Fibonacci Retracement level in case we fail. Caveat!

Take a deep breath as PGOLD may touch the base before bouncing off like a basket ball and bulls may finally win over the bears in this arena. Of course that is just speculation. Looking at the chart it seems that is likely what will happen. Few weeks ago we have seen this stock bounce [...]

After hyping and bashing on this stock, it seems PBB shy away from the limelight and move sideways within its trading range. Last Friday we saw an increase in volume and price going up the upper limit of the range. Is it the start of the climb for PBB or those who entered last Friday [...]