Trader's Logbook

Will the power of the Morning Doji Star continue to support PX and bring it to a higher level on its short term or we will see bears coming back in? Last week we saw the Morning Doji Star (PX on the rebound?) Last Friday there was an attempt to bring the price up but [...]

Morning Doji Star is seen today on PX but volume isn’t picking up yet. Another indicator RSI is giving a BUY signal. Will it bounce and reach 18? We recognize Morning DOji Star when we see the stock’s price is in a downtrend and then we see a Doji followed by a green candlestick as [...]

Looks like PX is bouncing from the support line but can it sustain? Fundamentally, PX might be suffering from the problems it is having since last year but on technical aspect, PX might go up and try to break the resistance. In case it will be able to break then 23 level might be the [...]

PX‘s rally may soon come to a halt (for a while) based on the candlestick on its daily chart, players are now in an indecisive mood as depicted by the small Doji. If this one dips, we may find major support around 15.5? But what about closing the gap first? Caveat!

After we saw PX being battered by the bears for a few weeks including the gap down that hurt the traders significantly, this week the bulls showed their strength. After the cue for a reversal that was represented by a Doji in our weekly chart, it moved to the north giving an 8% gain. Bullish [...]

Will there be a technical rebound for PX tomorrow following the Hammer candlestick that was formed today? Just be careful because hammers don’t have a high reliability. But if we will see a large green candlestick tomorrow then that would be our signal. Don’t discredit the possibility of a dead cat bounce though. The Bullish [...]

PX (PHILEX MINING CORPORATION) went down because of the successive bad news we recently heard everywhere. Even with the fall I was able to get few gains during the first day of the sell off. Definitely because of the problem this company is encountering, the general trend would be downward but of course there will [...]

Last time we saw PX had a double bottom was almost a year back. The price went up after it hit the support. Although the price didn’t go past the previous high at least there was a good price difference before going down again. Will it happen again this time? The price level is already [...]

PHILEX MINING CORPORATION Are we going to see some action for this stock tomorrow? Basing on the chart we have a downtrend and at the bottom of it is an engulfing pattern. Bullish Engulfing Pattern is a pattern characterized by a large green real body engulfing a preceding small red real body, which appears during [...]