Trader's Logbook

After we have seen two rallies from SMPH with an opening gap up on the second day, today we saw some bearish intraday sentiment. Price dip as low as 19.00 thereby closing the gap made yesterday. The price action resulted in a Hanging Man candlestick which signal a reversal if confirmed tomorrow. Still optimistic that [...]

SMPH still looks attractive compared to its large cap rivals ALI and BEL. You may see my separate post here Review on my Property sector investment basket On technical side, looking at the daily chart we see a Falling Wedge. Although we see this formation most of the time during downtrend and regarded as reversal [...]

It seems that SMPH is still in a bad shape as it close below 23.6% Fibonacci Retracement level and touching the lower band of Bollinger Band. Heavy selling pressure is still felt today and no or very few bulls were seen in the battlefield. Will it hit 38.2% Fibonacci Retracement level? It may as we [...]

Last Friday it rose by 2.66% to close at 19.30 per share. 31% of the traded volume was done at this price. The price movement creates a single candlestick pattern called White Closing Marubozu. Will it be the start of the new rise for SMPH? It has been quite a while that this stock has [...]

SMPH has been going down since we saw the Shooting Star. After few days of decline, today price touches the 20-day SMA line which is also where our support line. Will there be a bounce soon after this? around noon time before the recess, candlestick shows a good signal as it creates a hammer but [...]

After testing the support and our jet almost crashed, it seems we are not in a clearer sky at a new altitude. SMPH reached an all time high of 18.16 intraday and settled just few notches below. With its aggressive plan of expansion here and in China this should add more value to its fundamentals [...]

SMPH is in the mercy of the middle band at this point. It looks like the newly found support line is not yet that strong. But let us see if the price will hold above the middle band or else we will have to find support at the 23.6% Fibonacci Retracement level. Recently there where [...]

After many tries of breaking 17, it seems we are now safe from the hurdle. Does the jet finished refueling and start to go up again? The 17 area has been tested many times December and today, price went above the resistance level. Caveat!

It has been a while since the last time I look at SMPH. Let us try to see what SMPH can bring us. Last August 31 we saw a Hanging Man candlestick and from that day on, SMPH is going down. Will it reverse now? Looking at the closing candlestick we see an Inverted Hammer. [...]

No candlestick that indicates a reversal for this stuck yet. May continue to go up with some dips along the way. Caveat!

Breakout from the triangle and confirmation of Bullish Harami pattern from last Friday. RSI still ok at 63.76 and a buy signal on MACD. Is it now time to visit 16? Your guess is as good as mine. Caveat!

From the last two candlesticks of SMPH (SM PRIME HOLDINGS, INC.) we could see a Bullish Harami pattern that might be consider a signal for reversal. But take note that this pattern has a low reliability. It needs a third day confirmation to be sure that the downtrend has really reversed. This confirmation of the [...]

Watch mode for SMPH as it might pick up volume and push the price up soon. How soon? Your guess is as good as mine!

The usual move for SMPH is to break the 23.6% Fibonacci retracement when it retraces and then bounce after that. Will it happen again tomorrow or Monday? Let us see. Caveat!

SMPH The gap down at the opening wasn’t that big for the bears to overun the bulls. Half of the morning session was for the bears but after that until the closing, it was the bulls that won. As stated on yesterday’s TA, this might form wave 3 which is just what is about to [...]

SMPH Holders received their cash and stock dividend today. I was expecting the price to close above 14 but instead it closes @ 13.18 with 1.85% increase. Today’s candle formed a doji which is a reversal indicator. Although it needs a confirmation of a gap down or red candle tomorrow, still one should be careful. [...]

This company will be giving 25% stock dividend and 0.29 cash per share. Are we going to see a rally tomorrow or a big dip? This is a good opportunity to watch how stock price moves during the giving of dividends. Basing on the chart, it seems that we have waves 1 and 2 formation. [...]

SMPH (SM PRIME HOLDINGS, INC) closes above the 30 day SMA and a bit pretty volume. Is it now bullish? I would like to think so but it is still too early to say. Observe price-action and volume tomorrow.