Trader's Logbook

Quite a few failed technical bounce plays for PHES already and today might be its last chance to bounce or else it will fall into the abyss unless 0.58 will hold. Today’s candlestick formation is what we call a Harami Cross which is has a medium reliability for reversal. This is formed when a red [...]

Speculating there might be a bounce play for PHES very near soon as it leveled out with the price range that is present last November. After few days of red and Doji candlesticks, we have a green one today. Will the bears submit to the bulls this time? Look like PHES has a sideways with [...]

Low reliability Long White Candlestick piercing through the middle band. Will the bulls continue to take charge tomorrow or its a one day wonder for PHES? Relatively higher volume compared to previous days with BUY signal on MACD. Not sure if these indicators are not enough. PHES is notorious of faking its rally. Let us [...]

PHES may look weak at this time as we see large red candlestick after another. But this is now a good time to give more time to watch PHES and to wait for a good reversal signal. RSI is also near oversold level. It may not yet a time to buy as the bleeding might [...]

This stock rise after a very very long sideways movement. I have been playing with this stock for a while and sometimes going home with nothing. There were frustrations but to those who stayed longer, they have already been rewarded. The rally last two weeks ago was impressive and as we normally experience, there will [...]

Still trying to test the newly found support for PHES. Yesteday it went down from the 23.6% Fibonacci Retracement level but today it close above that level. Looks like the bulls and the bears are having a good action here. RSI should loosen a bit more. If this support will hold then we will see [...]

Is PHES going to be back on its usual area of consolidation? We have seen PHES went off from its rectangle area but yesterday and today, it managed to stay inside. Now that it is in its usual consolidation area between 23.6% and 38.2% Fibonacci retracement level, will it stop the rally? Or it will [...]

PHES price now below the 38.2% Fibonacci Retracement level. Our last two candlesticks suggests that the bulls are trying hard to bring the price up but bears are there to counter every step of the way. The 2nd to the last candlestick was a hammer but it wasn’t confirmed. Hammer usually tells us that the [...]

PHES went down as sellers gave in to the buyers. I have been monitoring the bidders and sellers of PHES. I noticed that most of the time there were a lot of bidders than sellers but bidders are stronger in their conviction not to buy higher, thus in the end sellers gave in and put [...]

Looks like a double bearish signal for PHES today. Yesterday it was a Shooting Star candlestick and today we have an Engulfing Pattern. Price movement still within the consolidation area between 23.6% (resistance) and 38.2% (support) but price may go near the support soon. Bearish Engulfing Pattern is a large red real body, which engulfs [...]

No ladder bottom as it changed the sentiment yesterday. I was anticipating it will go down yesterday but green candlestick came out. And probably because of the “ipiters” 0.70 became a strong resistance to break. Today a Doji was formed which suggests that traders are in an indecisive mood. Maybe because of the “next week [...]

Are we going to see a Ladder Bottom soon? So far we have 3 red candlesticks in a downtrend fashion. What we need is another red candlestick that will look like an inverted hammer. Then on the next day a gap up large green. Seems like a very hard pattern to form but there is [...]

PHES might be going back to its usual range 0.68 – 0.70 for now awaiting for another news that may come out soon. I think there are new ipits and want to come out soon thus we might see some rallies to be countered by selling pressure. Once dust will settle, maybe that is the [...]

PHES still within the consolidation area it sets since June. It has been in the 23.6% – 38.2% Fibonacci Retracement level for so long now. The last rally few days ago I think was a good fire exit for those who have been ipit and those who were not able to exit that time should [...]

Where is PHES heading after the rally two days ago? Is it now going for a dive? PHES is now at the final stage with its negotiations with Avida Land for a possible joint venture. Is this something that still have to be factored in the price per share or its already factored in? We [...]

PHES had a good rally yesterday when some group smell something good to come out. Today, the news came out and after a good start, PHES went down going back to its previous high of 0.74 after rallying as high as 0.77 It shows that this 0.77 level is a strong resistance. Today’s volume is [...]

PHES has been in a sideways trend for an extended period of time now and doesn’t give an indication for a change of direction. The current price movement has a tendency to go south than going north so be careful. We need fresh news! Caveat.

Looks like PHES (PHILIPPINE ESTATES CORPORATION) is still in consolidation mode which started last summer. Since then the price has been within the 23.68 – 38.2% Fibonacci retracement level. No more PHESta time? ASM is scheduled on September 24. It was previously scheduled on August 20. Will there be a good chance for this stock [...]

Two days prior to doji we have seen the price trying to break the 23.6% Fibonacci Retracement level but wasn’t able to. Where is it going now that the volume has been declining? Any news that will stir the price up again? Caveat!