Trader's Logbook

Another rally for BKD ignoring the possible reversal from yesterday’s candlestick. Will it continue to rise this week or the force of bears at this level will drive the bulls backwards? This stocks is surely not for the faint of heart. Double Caveat!

CAL continued to rally today with a good volume. Prompted me to buy but sell on the same day. I still don’t believe on this stock for now so better to get out before the sun sets. Looking at the chart I think it is very important for CAL to break the current resistance because [...]

After yesterday’s dip, AEV rebounded and closed above the 54 mark and close just at 38.2% Fibonacci Retracement level. The area that we have right now has been our area of interest since last Monday because we have seen action here last December and last January. Will this be a place for the launching of [...]

PGOLD shy away from 40 and close 1.01% below yesterday’s price. It is currently at 39.40 per share. It seems that we will be trading sideways within a horizontal channel for a while. From the highest part of the range it might come down to 23.6% Fibonacci retracement level. Caveat!

The resistance seemed to be so hard to break. Even the 7.0 psychological resistance is also strong. As of this time DNL shows a bearish sentiment and may go back to its support line to gather more strength. Problem with DNL is that after bouncing from the support line, it get tired and loses momentum [...]

Looks like ALI is in a bad mood as it continue to dip today. Price close near the 20-day SMA which is our immediate support. Will it hold? Next support might be at 30.00 which is our 23.6% Fibonacci Retracement level. Caveat!

Looks like we have a bad signal on LTG. What we are looking right now on its daily chart is an Engulfing Pattern. As we all know the trend of LTG is upward and at the top of that we see a red candlestick engulfing the smaller green candlestick. Yesterday’s small green candlestick is a [...]

After we have seen two rallies from SMPH with an opening gap up on the second day, today we saw some bearish intraday sentiment. Price dip as low as 19.00 thereby closing the gap made yesterday. The price action resulted in a Hanging Man candlestick which signal a reversal if confirmed tomorrow. Still optimistic that [...]

BLOOM went up during the morning session but started to get bearish early afternoon until bears totally control the battle ground. It declined by 2.67% Looking at the chart we have an Engulfing Pattern. After the bull mood last week, it ended up with a small green candlestick and today we have a large red [...]

Looks like ALI hit a thick wall and can’t go past it. The 33 level has been tried few times already but bulls failed to stay above it. Bears seem to be so strong at this point in time. Price action shows a bearish signal and if confirmed, price may go down and find support [...]

Our Philippine Stock Exchange Index looks tired after 5 days of going up. At the top of the trend we have a Shooting Star candlestick that suggests reversal. Although this has a low reliability, we should be careful. The chart also show that we have a resistance at this point and may scare away the [...]

SMPH still looks attractive compared to its large cap rivals ALI and BEL. You may see my separate post here Review on my Property sector investment basket On technical side, looking at the daily chart we see a Falling Wedge. Although we see this formation most of the time during downtrend and regarded as reversal [...]

Checking on the banking sector after the end of the 1Q of 2013 shows that BDO is still a good choice based on my filter. See my post here Review on my Banking sector investment basket Technically BDO has a bullish bias since the time we saw the Piercing Line on BDO?. Looks like at [...]

AEV might have bottomed out when it touched the 23.6% Fibonacci retracement level but there is still a chance it will go sideways. The support zone can also be extended to 54.00 because we have seen some action on that level before. RSI still at a good level. Good to test buy if you are [...]

As we all know, FDC has moved up significantly starting end of January this year up to first half of February. An in a 1-year time frame, it is generally in an uptrend. On its recent price movement we can see a channel created by FDC on its daily chart. It looks like a flag [...]

After the last time we posted about FGEN (Close that gap FGEN), it finally closed the gap but at the same time it shows great indecision among the bears and the bulls. The Doji candlestick tells us that price went up and went down but settled near the opening price. Since the indecision appears after [...]

EDC have a gap to be filled soon but filling this gap is a big challenge as we see strong resistances before hitting 7.00 Current price is on the support line which is our 61.8% Fibonacci retracement level. This area of interest has some action before which tells us this might hold but at the [...]

The break from resistance got a great help from the window dressing and Investment Grade rating on the last day of Philippine trading. Now the price is above the upper slope of the channel and above the 23.6% Fibonacci Retracement level. Most often we see a test of newly found support after the breakout of [...]

We are now looking at a low reliability candlestick formation called Harami on AGI at this point. The Harami Pattern is a sign of disparity about the stocks condition. While we saw that it is characterized by downtrend and bears are all over it there was a continuation of the trend however on the last [...]

We have seen FGEN range trade this past few days. Currently our price is at the high point of the range. Last Thursday we don’t have much participation from the traders and the candlestick turned out a Doji. As we all know this candlestick shows indecision mood between bears and bulls but the next day’s [...]