Trader's Logbook

Just as what we thought when PGOLD broke the resistance last time (PGOLD now at 40 level. Life has just begun.), it has the tendency to test the newly found support. Aside from the slope we also have the 23.6% Fibonacci Retracement level as our support. PGOLD is now back at 40 level but 45 [...]

Another small step for PGOLD and this time totally going out of the resistance. Looks like PGOLD is making little step at a time. Will it continue to go up or we will have a test of support? For those who were left behind, buying near the newly found support would be a good idea. [...]

A mere 0.13% change at the closing for PGOLD. Looks like 40 is a strong resistance for now. It seems that bulls’s legs are becoming weak. Traded volume for today is concentrated at 40.25 which took almost half the total volume share. But what really interests me this time is the price movement. As we [...]

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 [...]

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 [...]

PGOLD went down by 1.85% to close below 20-day SMA and 23.6% Fibonacci Retracement level on 6-month time frame. Top sellers today include CLSA, CREDIT SUISSE, DEUTSCHE and MACQUARIE. Will there be bad news coming out soon or someone wants to enter at lower price? Lets see if 39 will be breached or a new [...]

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 [...]

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 [...]

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 [...]

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 [...]

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 Calm after the storm on PGOLD may continue this week as we see no signal to go up or down and the fact that this will be the last full week before the holiday, some traders may be liquidating although I am not banking on that idea. Lets wait for a good signal. Sometimes during [...]

Looks like we will have a calm after the storm effect for PGOLD when it bounced from 20day SMA last week. We have a Harami formation but the trade today doesn’t really give us a good confirmation which leads us to think it might go sideways instead. As a low reliability, Harami should be confirmed [...]

Another red day for PGOLD which took the left and right punches since yesterday. Now approaching 23.6% Fibonacci retracement level. Will it bounce when it touches the line or will the 20-day SMA be there for the bounce? As of now, no signal for reversal yet but I think it will come this week. As [...]

PGOLD gaps up at the opening but failed to sustain momentum during the afternoon when it dips below the line of the upper line of Bollinger Band. Our price movement created an Engulfing Pattern which can be considered a bearish signal. As we see on PGOLD‘s chart, it have been going up for a long [...]

PGOLD look tired after breaking resistance at 36. At the top of our chart is a small Doji but doesn’t look like a bad one. I think it will go sideways again like what happened when it was playing around with zone 36. If that will happen with a price rally after few days, then [...]

Another all time high for PGOLD which went up by 3.06% today. Not much clue from our candlestick if it will continue to go up tomorrow but I think it will test the newly found support. As we can see on its daily chart, PGOLD was trying to break a new level for few days [...]

PGOLD declined by 1.25% today after few days of holding around 35.9 – 36 Current support zone at 34.95 down to 34 With 34 as the major support as it falls at 23.6% Fibonacci Retracement level. Notably a lower volume for today and yesterday. At the moment this stock is still on bullish mood. It [...]

Nice rally by PGOLD today. I thought it will not be today that it will hit 35 (PGOLD: enjoy the ride) but it did. Are we going to see it correct in the near future so others can join us? Let us see what is in store for us this week. Caveat!