Trader's Logbook

Looks like the cup and handle that we thought SGI is creating will be a frying pan and handle. As the construction of the handle looks like a rectangle formation instead of a curve. Still this type of formation has a bullish bias. This usually appears during an uptrend as a “pause” before it will [...]

Will SGI explode anytime soon? Today we saw SGI went up as high as 2.54 but settle at 2.40 Does the bears feeling the presence of the bulls now? Or we still need time to construct the handle of our cup? The Cup with Handle is a bullish continuation pattern that marks a consolidation period [...]

SGI has been constructing what looks like a Cup and Handle. Will it be finished before we can pour our gains to the cup? Or the handle will be soft and broke easily? We can also see a long legged doji as our last candlestick similar to what we saw last Jan 24. If the [...]

Two year chart of SGI shows cups that leads to rallies and it seems we near in completing another cup. Will price surge soon like the previous action? Will history repeat itself or this time it will be different? A cup-and-handle pattern resembles the shape of a tea cup on a chart. This is a [...]

SGI has been in walking in a continuation pattern called Descending Triangle. The descending triangle is a bearish formation that usually forms during a downtrend as a continuation pattern. There are times when descending triangles form as reversal patterns at the end of an uptrend, but usually they are continuation patterns. Regardless of where they [...]

We have seen the rally of SGI early on but it seems the resistance at 38.2% Fibonacci Retracement level was too difficult to break at this point. After touching that level it retraces and never went back. If you have settled for 4-5% gain this morning then you might just have the right decision. Tomorrow’s [...]

After today’s disclosure about SGI‘s dividend, there might be a technical play for this stock as we see a Hammer at the bottom of the downtrend. The Bullish Hammer Pattern is a significant candlestick that occurs at the bottom of a trend or during a downtrend and it is called a hammer since it is [...]

It seems that yesterday’s Engulfing Pattern has been confirmed by today’s candlestick. Price didn’t move past the resistance which is at 38.2% Fibonacci Retracement level. In fact price move away from it at the closing. Major support is waiting around 1.89 – 18.6 But 2.0 for a psychological support. Caveat!

Still not looking good for SGI holders after the Shooting Star incident last mid August. Generally it is still downward trend maybe with some rallies along the way. Today’s candlestick doesn’t give us any clue if this will go up but looking at the price action it seems that it is going to test the [...]

After we have seen the Shooting Star on SGI and the confirmation, we saw it rally and that might have been the chance for those who want to cut loss. Today, its volume continue to become thin. Maybe the jockey is not there anymore? General trend is still downwards but might have an intraday rally [...]

Obey the signal so as not to be caught and pay a big penalty. What we have seen today is a confirmation of the reversal. Bears are now taking charge. The price may surge within the day but generally this is going south for now. If you have the chance to get out, grab it. [...]

The previous rally for SGI brings the price to a 26% increase but today it went down but not that much. The gap up at the opening wasn’t sustained and a selling pressure was evident after few hours. Although the bulls seem to came back but their presence was overshadowed by the bears. The last [...]

This stock may have a good volume and large green candlestick with no reversal signal yet but be careful because the RSI is already high. Also, I noticed that some stocks tend to rise up high and then go down on the next day. Prepare to click that button tomorrow. I have this but already [...]

After a few days of going up, this stock might retrace as we see a Harami formation at the top of the uptrend. Although Harami formations are not highly reliable, it is still good to be watchful for the price movement tomorrow. Bearish Harami Pattern is a two-candlestick pattern composed of a small red real [...]

This may still continue to go up because there is no indication of reversal for now but notice the volume today is just half of last Friday’s volume. Plus RSI is already at 89. Caveat!