Trader's Logbook

Interesting formation has been developed on STI. Few weeks ago it hit 1.07 (which is also a high last February) then find its way back to 20-day SMA line. JP Morgan holding some shares this month without selling and the King of Tsupit selling only half of its shares this month. Is this going to [...]

STI have been a laggard stock since its FOO. Last week it went up and touch the upper band of Bollinger Band and after that a decline. But yesterday and today, there seem to be a reverse. While it hit yesterday the middle band, it close heading northward and continue its path today. Is it [...]

Looks like the bulls doesn’t want bears to conquer them at this point. Price didn’t close in red today and stays the same. Volume is not that much as well. Does this mean selling pressure yesterday is already finished? Why the indecisive mood as depicted by the Doji? Tomorrow is a profit taking day as [...]

Just when we thought STI‘s rally will continue came a disclosure about the Over-allotment Option of UBS. Our candlesticks depicts a bearish sentiment among traders. I have no idea how this new disclosure affect the price of STI but looking at our daily chart, we might have a price dip. The red Shooting Star created [...]

Looks like the Northern wind push STI up a couple of knots today. Looks to me there is still a chance for this to move further north. Today’s rally was supported by a good volume and RSI is still below overbought level. It broke from a resistance although after hitting the highest level of the [...]

Yesterday STI was in an indecisive mood as depicted by a Doji and today it went up 4% to close at 1.02 a share. Is it starting to pick up or just a fake rally? Volume is picking up and is higher by 20M or so compared to yesterday and a buy signal on RSI. [...]

I think yesterday’s price movement has already filled the gap for STI. With the candlestick it has shown today on our daily chart, it seems that this will go sideways for now. Volume is dwindling. Maybe we need another catalyst to pump the price up. Volume is dwindling. Looks like we do not have audience [...]