Trader's Logbook

We are seeing a Dragonfly Doji pattern on PNX today. PNX is in a downtrend and today it seems that the bulls start to make their presence felt by the bears. Few minutes after the opening, PNX went red and stayed in that department most of the time but closed unchanged. This shows that while [...]

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 [...]

BDO has kept on going down and no signal for a break yet. Last time when it landed to refuel (BDO may hit support to refuel), the technicians found that the engine is in trouble and it may take days to fix. Selling pressure today brought BDO to as low as 82.20 intra day to [...]

Another good rally by MMI and this time it looks more bullish than yesterday. It closed by 26.04% to 7.60 a share. SLI also hit the pedal and gained 15.91% from yesterday’s closing. ARA did a rally too. Some stocks that were able to go back to green are DNL, PGOLD and MER. Top losers [...]

Rain continuously pouring on BLOOM brought by the Dark Cloud Cover few weeks ago. Flowers are not anymore blooming but is about to die because of the flood. We don’t see any good signal yet for BLOOM on today’s chart. Looks like the rain will not stop yet. Are we going to see a breakdown at 50% [...]

CPG is now at the mercy of its 2.0 psychological support after it break the 38.2% Fibonacci Retracement level. Today’s chart doesn’t give us any signal that gives us something to hold on to. Next support at 1.89? Caveat!

DNL failed to move up and instead it dropped 4.90% to close at 6.60. Intra-day low shows that it breaks the 23.6% Fibonacci retracement level (support line) but was able to close above that line. Is the fibo line strong enough to hold the price from dipping further? Near 6.0 is our back up support. [...]

BDO was not spared by the bears. Price went down by 2.84% to move deeper and even breaking the 85.0 during the day. Selling pressure was felt an hour before the recess and that time BDO wasn’t able to recover. RSI at 33 but we don’t see any signal from our candlestick for possible reversal [...]

PSEi received a blow from all sides as it dip by 118.42 points or 1.81% to close at 6536.18 Almost all favorite blue chip stocks went down big time. Top gainers are PRMX, ROX, UPM among others but these 3 are lightly traded. DNL, SMPH, BDO, MER, PGOLD, BLOOM all are in red. See the [...]

At the mere sound of “stock trade”, we cower in fear thinking that we will never understand the concept. However, since it is something that more and more people are interested in, you should also explore your options with this endeavor. Don’t worry, we won’t be too technical in our discussion. Introduction Contrary to what the [...]

US indexes lost grip on 10-day winning streak but all three indexes ended higher for the week, and are up between 7% and 11% for the year. This week investors will look for direction from US Fed Reserve, and housing markets. The EU announced a bailout plan for a small EU nation – Cyprus which [...]

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 [...]

For those who wants to ride BPI, I think waiting to enter near support is a good idea. BPI has been going down big time since Thursday and is creating two large candlesticks. There is no sign of reversal yet but its good to speculate a bounce at its support around 102. That is our [...]

Based on 1 year time frame chart, BDO broke the 23.6% Fibonacci Retracement level. It has also broken the 20-day SMA line the previous day. We don’t see any signal as of yet for reversal. Our last candlestick is a large red one which may suggest a continue of current trend unless we will have a good [...]

Hammer reversal candlestick wasn’t confirmed and price continue to move down south. Now entering support zone at 38.2% Fibonacci Retracement level. It seems that the Dark Cloud Cover effect is not yet over Dark Cloud Cover is a high reliability reversal pattern. I think we need more than a Hammer in order to break the [...]

The bulls on PNX seemed to start making their appearance. Last Friday we saw some bullish sentiment although there is still some concern among the traders that is why its strength didn’t sustain. This price movement creates a something like a Gravestone Doji. This is a medium reliability pattern so even if there is potential [...]

This stock didn’t made much noise last Friday but it didn’t follow other stocks that were going down. As a result it formed a short red candlestick which is a neutral type of candlestick. I think at this point it is still on track with the bounce. Are we going to see a break on [...]

MER‘s ex-date is on March 21. Looking at the history of ex-date cash div dates we have: 3/20/2012 exdate it dropped by 2% but previous day it went up by 4% 8/23/2012 exdate it went up by 4.9% but it has been dropping for 5 days (almost consecutive) before the exdate. Looks like we don’t [...]

This stock is one of jokey’s favorite. Pump and dump can happen anytime but we can still get sentiment at times using the chart. Last Friday it went down by 1.68% and looks like it hit the support line. Did it hit the bottom? Caveat!

Last Friday we saw the price obeyed GTCAP’s trend. We saw the price went up by 1.32% after it hit the lower slope of the trend. Looks like the vital signs are ok and this may be heading for 800 soon. How strong the resistance? We will see in couple of days. Caveat!