Trader's Logbook

APM went up last Friday by 3.55% breaking the 20-day SMA and 23.6% Fibonacci Retracement level (6-month timeframe) with relatively big volume. These lines becomes our support lines. This may move forward north if price will stay above the support level. RSI or Relative Strength Index says its not yet overbought. Caveat!

ELI bounced at 23.6% Fibonacci Retracement level. Looking at the chart we could see that this price zone has been a resistance before the price went as high as 1.21. Is ELI done taking a rest? Currently our price is below the 20-day SMA line but is above the lower band of Bollinger Band. Looks [...]

BEL is in a downward trend (short term) after it hit all time high 7.10 intra day last April 24. RSI or Relative Strength Index may approach oversold level soon. While the 23.6% Fibonacci Retracement level which acts as our support few days ago has been breached, it is now the job of the bulls [...]

BKD has been moving sideways for quite some time now with a small volume. It has been within the 23.6% and 38.2% Fibonacci Retracement level which, at this point, is anybody’s ballgame. If you don’t have any other stock to play with, just stay with BKD for now. Caveat!

The past movement of LR showed that it bounce after hitting 50% Fibonacci Retracement level, will it be repeated? This is an interesting stock as it formed a Gravestone Doji at the bottom while hitting the 50% level. When this candlestick pattern is found at the bottom of the downtrend, this suggests that the trend [...]

The Philippine Stock Exchange Index went up by 13.13 points or 0.18% to close at 7,194.43 today. The top gainers were led by CLOUD, BH and PRMX while CA, MMI and VVT are the top losers. WEB, after so many weeks of going sideways was up by 5.09% with relatively big volume. Is this the [...]

Will ALI soon rise? Looking at the chart it looks like we have an Ascending Triangle formation. The ascending triangle is a bullish formation that usually forms during an uptrend as a continuation pattern. Caveat!

It seems that MEG is not yet done testing the support line at 4.0 as it displays a bearish sentiment this week. The bulk of the traded volume is concentrated at 4.09 and 4.10 with RSI at 54.61 Caveat!

Philippine Stock Exchange Index or PSEi continued to decline today with 24.53 or 0.34% retrace which closes at 7,146.12 H2O continued to go up today with 4.49% advance from previous price. BHI did an impressive rally as well as it close at 0.20. Trader’s favorite TA went up by 3.10% at the closing. On the other [...]

Is it time for PNX to continue moving up? Currently still in between the 38.2% and 50% Fibonacci Retracement level. Looks like this stock is just taking a pause after the big rally few days ago. Looks like the Harami is not confirmed. Onward to 10.50, shall we? Caveat!

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 [...]

Another small step for PGOLD and this time totally going out of the resistance. Looks like PGOLD is making little step at a time. Will it continue to go up or we will have a test of support? For those who were left behind, buying near the newly found support would be a good idea. [...]

Our Philippine Stock Exchange index took a turn south after successive run towards north. PSEi fell 0.62% or 44.70 points to 7,170.65 an may close the gap below. Interesting stock H2O went up the ceiling today but with lesser volume compared to last Friday. BHI on the other hand showed bullishness as it soar to [...]

Looks like GERI is taking a pause after going up from 2.2 to 2.7 Is it done resting? Current price is at 23.6% Fibonacci Retracement level. The price action since mid April creates a flag formation which is regarded as a short-term continuation pattern that mark a small consolidation before the previous move resumes. The [...]

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 [...]

Currently PBB is at its support line (around 34). Last time it hit this level it bounced up to 37. Will it happen again? The Gravestone Doji found last few trading days ago shows indecision among traders and this sentiment extends to two more days. Usually if we will see a doji at the lower [...]

PNX is mid way to recovering from the big loss last April 25 and 26 after it made a rally last April 30 but bearish sentiment became obvious after we had the last two candlesticks. Is it just a “pause” from the rally or the Harami pattern suggest weakening of the bulls. Currently the price [...]

An attempt to stay above the 50% Fibonnaci Retracement level wasn’t successful for BLOOM today but the bulls are making its presence. This may take another try tomorrow to break the resistance at 50% before facing the slope (another resistance). Thus, BLOOM really need to be very bullish to break this two resistances. RSI or [...]

A mere 0.13% change at the closing for PGOLD. Looks like 40 is a strong resistance for now. It seems that bulls’s legs are becoming weak. Traded volume for today is concentrated at 40.25 which took almost half the total volume share. But what really interests me this time is the price movement. As we [...]

HP and TSI led the top gainers list while CLOUD and LC/B upsets some traders. TSI ride was a roller coaster but still it closed with a good gain. Blue chip GLO went up as well by 4.90% # Stock Code Last Change %Change Value 1 HP 2.4500 0.3500 16.67% 94,500 2 TSI 21.0000 1.9000 [...]