Trader's Logbook

Last May 15 we check that the Strong support still at 23.6% Fibonacci Retracement level for TA. As the price went moved sideways after that, today it just dropped by 5.15% touching that support but breaking the 20-day SMA line. We also saw a soft support at 2.72 that time but it was crashed today. [...]

TA’s rally wasn’t sustained. It went up as high as 2.85 but settled 1 fluc below its opening price. The price is above the 2.72 which was the highest intraday price last few weeks ago. This could be considered an immediate support for TA although it is not really strong. Still the strong support can [...]

We are still retaining our reading for TA which is sideways with bullish bias. The sideways movement usually happens after a big dip. Its like a calm after the storm. That is true if traders still have the conviction that this stock has room for growth. To those who have been on this price zone [...]

Is the storm finally over for TA? Today we have seen TA on its regular volume and price action tells us that the supports has been holding strong. Our supports are still at 23.6% Fibonacci Retracement level and the 20-day SMA. Looks like this will go sideways with bullish sentiment but always on the lookout [...]

We were waiting for TA to create the handle for the cup last time (Shooting Star on TA, Cup and Handle soon?) and speculating 2.50 might be a good entry price but it didn’t happen. Instead it went up for a few days. I was upgrading my entry price at 2.7 because I thought it [...]

TA finished with Shooting Star today. Although it is has a low reliability, it is a warning signal for possible reversal. The Shooting Star tells us that the stock opened near its low, then prices strongly rallied up and finally prices moved down to close near the opening price which means the rally of the [...]

Looks like no stopping for TA right now in going up to its resistance level. I think starting from 2.60 to 2.72 will be the area where it will experience resistance from the bears but based on today’s movement it seems bulls isn’t tired yet. Will it hit the resistance level tomorrow? It also seems [...]

TA is having a hard time leaving the 23.6% Fibonacci Retracement level. After few tries its now back below the line. Will this stock go back to its support line? Previous price movement showed that 38.2% Fibonacci Retracement level served as a strong support. Maybe a test buy at that level wil give us a [...]

TA reached as high as 1.45 today but settled at 1.40 which is 2.19% from yesterday’s price. During the market, it look bullish as the price never went down to previous price but how it close today looks intriguing as it formed a gravestone doji (less the lower shadow). Closing price wasn’t able to go [...]

After the rally it did last December 19 (Something is brewing on TA?) followed by some tests of support, TA is up again and this time the run was even farther. It closed with 14.66% leaving an 11M volume on bid side. Will there be a continuation tomorrow or a test at around 1.30 will [...]

All of the sudden TA move from 1.13 to 1.16 at 3:20 this afternoon. Is there something brewing? Looking at the chart, price close above the upper band of Bollinger Band. A move like this could be dangerous as we usually see a big test of support/s if we see a large green candlestick. Be [...]