Trader's Logbook

The last two trading days was a good one. Does PAX bottomed out and bounced? Will there be another set of rallies this week? Looks like PAX has just started to look better on chart. As we see on its daily chart, price of PAX has entered into the resistance zone with biggest challenge near [...]

Looks like the 61.8% Fibonacci Retracement level is holding strong as PAX’s support. This level which proves to be a strong support August of last year could also be true this time. We see PAX is going down but last Friday it managed to move up by 2.66% Will there be a continuation this week [...]

PAX on support line with a signal for reversal from a medium reliability Gravestone Doji pattern. This pattern suggests there might be a reversal soon. The stock opens close or near the closing price of the previous day. Then there is a brief rally but the rally is not enough to send prices over the [...]

PAX ended last Friday with a Dragonfly Doji at the top of the uptrend. The Bearish Dragonfly Doji Pattern is a more bearish pattern than the Bearish Hanging Man Pattern and it is also more reliable although we still need a confirmation on Monday by way of a large gap or large red candlestick. The [...]

This stock noticeably has a good volume today and it closed with 9% gain. This may break from the ascending triangle formation. Caveat! The ascending triangle is a bullish formation that usually forms during an uptrend as a continuation pattern. There are instances when ascending triangles form as reversal patterns at the end of a [...]

PAX – PAXYS, INC. I nearly thought my post buy at 3.10 will not be hit. We saw a strong open with the price gapping up from the previous close. The surge happened few minutes (hour?) until the rally was disrupted. Price begun to go south and closes in red. Basing on the candlestick, it [...]

PAX – PAXYS, INC. Pax is good. I don’t see any reversal indicator so basin abot ug langit? hehehehe. I think abot pa Thursday ang duwa sa PAX. Why Thursday because ang news about sa tender is rumor pa? If wala confirmation for sure traders will take profit on Friday so unahan nlang daan LOL. [...]