Trader's Logbook

Those who entered VITA earlier have been waiting for the “White Knight” update. But as time goes by and no development been heard, price may further go down as we may see in the near future following the Symmetrical Triangle formation (continuation pattern) Although triangle like this doesn’t really tell us in advance where the [...]

The movement last week could be the start of reversal for VITA. Our weekly chart shows that after touching the middle of Bollinger Band, price bounce a little. But one should be careful as this might be a bull trap. We are still waiting for the update about the White Knight and until no good [...]

The price has been trading on the lower band for a couple of days but today it breaks out from that trend. VITA went up as high as 1.07 but it seems it has difficulty in breaking out from the middle band. Will there be another test of resistance tomorrow? How strong are the bulls [...]

I was speculating VITA will sustain its rally but didn’t. After moving up as high as 1.0 it went back and close at 0.92, near its intraday low of 0.91. Although it wasn’t able to sustain its rally, it shows that the bulls have started to fight back. This stock have been falling for few [...]

A Morning Star shown in daily chart of VITA. Our reading on our weekly chart we were just waiting for a good reversal sign for VITA to move up. Is the Shooting Star far enough that we are now ready for a reversal? Price of VITA touched the 61.8% Fibonacci Retracement level and today it [...]

In reference to our previous take on VITA Bearish trend on VITA seen (weekly chart) our weekly chart showed us another red finish. It went down by 8.55% If those who took a chance on VITA last week have only moderated their greed then they might have ended with considerable gains when VITA reach at [...]

VITA‘s week wasn’t a good one. As what we have feared, VITA gave us a confirmation of the previous week’s bearish signal, the Shooting Star. On our weekly chart we can see a red candlestick signifying that it is now reversing to bearish trend. On this week we might see some spikes you may use [...]

Looks like a tag of war between bears and bulls along 38.2% Fibonacci Retracement level while everyone is waiting for the White Knight. It seems that some traders are already disappointed but then some groups are keeping this stock alive. Today, the trade is concentrated around 1.45 – 1.48 level On our weekly chart, we [...]

The 3 day ascend momentum trading for VITA might be in an unstable ground. Price surge fast but there was a heavy selling pressure. Although it went up again but panic sellers seems to be everywhere. Today we notice that ANGPING and CITISECURITIES were not selling much. But for me this is still a speculative [...]

VITARICH CORPORATION (VITA) White Knight has not come to town yet. I would say that the rally last Friday was more than of a speculation. When no stocks was doing extra ordinary, VITA was being ‘played’. Most volume was traded at the top or 1.41. This level got the 8.46% of the total traded volume. [...]

VITA‘s price wasn’t able to sustain above 23.6% Fibonacci Retracement level. Early this afternoon it formed a Piercing Line which is a bullish indicator but then price retraces and close at a neutral candlestick formation. For now we need to see this come up with convincing volume above 23.6%. Looks like White Knight is the [...]

We have seen VITA rallied for a few days. I never expected it rally that long when I sold my share at the early days of rally and have to buy back after 2 days but I was so careful because I had a bad experience about VITA some time ago. Late comers for this [...]

If price of VITA will gap up at the opening and stay above the 50% Fibonacci Retracement level with good volume then it may reverse its trend. As we can see on the latest price movement and volume it shows that traders are not interested on this stock. It is evident on the number of [...]

Candlestick-wise there is an engulfing pattern. Engulfing pattern can be used on both uptrend and downtrend reversals but the prior trend is not clear. If we base our analysis on a one year time frame Fibonacci Retracement level at 38.2% was visited during the intraday price movement although buyers were able to bring the price [...]

Last July 3 our candlestick was a doji and its trend reversal was confirmed by next day’s gap down and red candle. From then until now there has been no candlestick that will indicate a trend reversal so might as well leave vita for a while. Rumor of 0.90+ may or may not be true. [...]

Speculative play for tomorrow. The candlestick of VITA today seems to suggest that a reversal is nearing. All we need is a confirmation by gap up with big volume for this stock to go north. June 22′s gravestone doji was not an authentic because it doesn’t come from a downtrend. Doji doesn’t really mean that [...]