Trader's Logbook

Are we seeing a Cup and Handle on ROCK‘s chart? Looks like it has one. The Cup with Handle is a bullish continuation pattern that marks a consolidation period followed by a breakout. As the stock comes up to test the old highs, the stock will incur selling pressure by the people who bought at [...]

There is something on ROCK that I want to monitor. Seeing Descending Triangle during an uptrend is not something we normally see since this triangle is normally seen during the downtrend as a “pause” before it continues to go down. Although there are times it will reverse its trend when found that support is too [...]

Yesterday we are looking at the Dark Cloud Cover with skepticism (ROCKWELL LAND CORPORATION) as it didn’t close below or at the middle of the green candlestick. Looks like the relationship is on a stable ground but after the shake it may go sideways and with bullish bias. Caveat!

Relationship with this stock may be on the rocks if the Dark Cloud Cover pattern will be confirmed tomorrow. This pattern suggests that a top reversal may happen soon. Although there is still a chance the relationship will be saved as the real body of the red candlestick didn’t close at the middle point of [...]