LTG is moving downwards after it hit as high as 28.40. Looks like it is approaching the 23.6% Fibonacci Retracement level and 20-day SMA. There was a Doji candlestick last Thursday but the next day’s candlestick didn’t confirm. For those who are not able to ride on this stock last time it was around 24, [...]
After successive rallies by LTG, it finally make a dip last Friday creating a familiar medium reliability Engulfing Pattern. We have seen possible reversal indicators on previous days but LTG ignored it all and continue to go up. Will the Engulfing pattern be different? Will the bears win this time and cause the price to [...]
Looks like we have a bad signal on LTG. What we are looking right now on its daily chart is an Engulfing Pattern. As we all know the trend of LTG is upward and at the top of that we see a red candlestick engulfing the smaller green candlestick. Yesterday’s small green candlestick is a [...]
We took notice of LTG few weeks ago and during that time it is constructing what we thought to be an Ascending Triangle. The last two trading days of LTG, it gave a good impression as it break from the resistance. Looks like the momentum is still there because the volume last Friday bigger than [...]
Looks like an Ascending Triangle has been formed by LTG‘s price movement. This type of formation occurs when there is a resistance level and a slope of higher lows. What is happening is that there is a certain level that the buyers cannot seem to exceed. However, they are gradually starting to push the price [...]
Looks like TDY (TANDUAY HOLDINGS, INC.) wants to sleep for a while as it goes sideways.. OR go further down now that the support has been broken? Taking the 1 year time frame, we could see that it is staying for trading days now below the support at 23.8% Fibonacci Retracement level. How long has [...]
I think we have a Pennant formation for TeDY bull. Pennant is short-term continuation pattern that mark a small consolidation before the previous move resumes. This pattern is usually preceded by a sharp advance with heavy volume, and mark a mid-point of the move. Volume should be heavy during the advance that forms the flagpole. [...]
Careful on TDY as it may touch the 23.6% Fibonacci retracement support level. Worst, it might break the support. While we are still in the dark about the price after the consolidation of LT’s companies, all play here are just speculations so better to watch the technical indicators of this stock. Caveat!
Looking good on TDY. The volume today exceeds the volume yesterday by 2M. Are we going to see 13 soon? If only it wasn’t a profit taking day today and that another long weekend is approaching, we might have seen this going up more than what we saw today. Caveat!
Are we going to see TDY flying high tomorrow? Or the price today will just be another point to form the highs of the triangle? I was expecting a little bit more volume than what it had but I think we have to settle for the number right now. We have seen that after TDY [...]
TDY (TANDUAY HOLDINGS, INC.) is going sideways. We can not draw a good conclusion using candlestick at the moment for TDY but we could see a Symmetrical Triangle. With symmetrical triangles, trend lines converge with the support line ascending and the resistance line descending. But symmetrical triangle breakouts are more difficult to deal with. Support [...]
After the two spectacular gaps TDY has not been active and it is for a few days now. Are we going to see a long consolidation period for TDY? When will the good news be brought out? All are waiting for the completion of the merge so as to project how much is the right [...]
Are we seeing a healty correction for TDY for now? It declined today but the selling wasn’t supported by a big volume. I think players are just watching this stock today and most sellers are just trying to lock some profit. Caveat as always
Looks like the two gaps are breakaway gaps. Does it mean it will take a long time before filling the gap? No indicator yet for a reversal but be prudent. RSI is already at 92. Caveat! Breakaway gap occurs when prices break away from an area of congestion. When the price is breaking away it [...]
We have seen a good rally for TDY (Tanduay Holdings Inc) for two consecutive days before it fell (but not much) 0.80% to 4.96 Psychological resistance for this stock is at 5.0 which was visited last Thursday when the SSM was announced to be held the next day. Friday trade for this stock has mix [...]