Trader's Logbook

Philippine Stock Exchange index made another history as it close at new all time high. Up by 2.29% or 163.38 points, PSEi has broken the 7,000 barrier. It settled at 7,120.48. Top gainers PHN, TSI and APC are up by more than 10% while top losers were led by HP, ATNB and MHC. Check the [...]

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 [...]

What we saw last time with the Symmetrical Triangle on SLI still holds true. Almost breaking from the triangle last Friday but settled at 0.99 Although the 50% Fibonacci Retracement level seemed a challenge for SLI, the lower slope proves to be strong support as of this time. The area for the price movement is getting [...]

Is RLC going to continue its ascend very soon after the consolidation? RLC is currently forming a contracting wedge and the space for price action becomes narrower. This formation may lead to a break for the current formation. Since RLC is generally in an uptrend, there is a greater chance that it will break from [...]

PX went down last week by 7.46% Last Friday the price touched 16.0 but was able to regain a little bit of control. Currently, it is at the mercy of the 50% Fibonacci Retracement level which acts as our support. Interestingly we also notice that the price movement of PX since last March is creating [...]

Currently hovering just above the psychological support 2.0 and 38.2% Fibonacci Retracement level, this stock has the possibility to bounce. Based on movement last February of this year, we have seen that this stock pauses for a few days after it resumed to go up. Another instance was last March and that time traders were [...]

MEG went up by 4.33% following the buy recommendation from COL. New FV estimate is now 4.90 (https://www.citiseconline.com.ph/Final2/ResearchCompUpdates/DOWNLOADS/2013-04-18-PH-S-MEG.pdf) Because of the rally, we have now a newly found support near or at 4.00 Normally there will be a test of support after the break. Based on Fibonacci Retracement level, our next support will be at [...]

Good rally by AGI which went up by 5.96% at the closing. Volume of the trade is concentrated at 24 most at the closing. Top buyer today is CLSA PHILIPPINES, INC. which sold only 240K volume while buying 4M volume. What’s brewing here? Immediate support may be seen at 23 before the 23.6% Fibonacci Retracement [...]

VUL did a big leap for the 2nd time following the disclosure and 1 hour trading halt. The price went as high as 2.10, few flucs short of the 2.2 all time high but settled at 2.04 per share. The price action created an interesting candlestick called Long-legged Doji which is a bearish signal if [...]

Philippine Stock Exchange Index is up 0.11% or 7.22 points to 6,857.48 BHI led the top gainers list which is up by 19.26% from previous price with a good volume. This is followed by CLOUD and PCKH. VUL rallied as well after disclosure about the backdoor listing of National Bookstore On the red department we [...]

While other stocks are going up, PGOLD did not join the caravan… yet. Close by 1.7% today with a little less volume compared yesterday. Traded volume is concentrated at 40.70 which translates to 69% of the total volume. Based on the 6-month chart, we could see an interesting movement on 23.6% Fibonacci Retracment level. Is [...]

Another impressive run by MER as it continue to go up to a new territory. Closed at all time high 361 per share with RSI now at 82.48. Is there still room for another ascend? Maybe there is but one should also be careful at this level. Currently our support is around 330 or 23.6% [...]

CPG still hovering above but near its 20-day SMA. Yesterday it went down that line but managed to go up. Today its more bearish as it close on the line. Last time we thought CPG is hungry for the belt but seems it is resting for the meantime. Caveat!

CAL did a great job today with 15.28% gain followed by VUL. LTG continued to rise this week with another impressive run. MER did a great job as well although it wasn’t able to hold its feet at 367. PORT, ATN and ATNB topped the losers list. Check the rest of the top gainers and [...]

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 [...]

From below 0.70 per shaer last January, this stock went up as high as 1.35 before going down. The price action creates a Symmetrical Triangle. This formation is regarded as a continuation pattern. What’s happening during this formation is that the market is making lower highs and higher lows. This means that neither the buyers [...]

Philippine Stock Exchange Index went down by 0.76% or 51.55 points to close at 6,786.33 Top gainers led by IMP, DFNN and ATN which are lightly traded. While top losers were led by MVC, REG and LIB. DNL stayed at 7.0 at the closing to give a more bullish sentiment. MER on the other hand [...]

SMDC is having a hard time staying above 9.0 and as the space within the triangle getting narrower this could now be a make or break for SMDC. The bulls might get tired trying to break the resistance and this will cause price to drop if ever the resistance is really too strong. Support level [...]

BKD currently having trouble breaking the 23.6% Fibonacci Retracement level. Two days of trying and two days of failing. This might cause the bulls to get tired and bears to show its power driving BKD back to its support line at 38.2%. Generally, this is still in an upward trend. Caveat!

EDC retreated by 1.53% and is now in the mercy of the 20-day SMA line (our current support line). Just like what happend on previous rise to 6.60 mark it corrects before continuing. Will there be a chance this will happen again? I think what happen today together with other stocks is that some traders [...]