Trader's Logbook

Bears outnumbered the bulls and outpowered at the same time. The bulls that helped price closed above the 23.6% Fibonacci Retracement level were tired of defending their ground and submit to the bears. Price close at 112.00 per share. That’s below our support line. Looks like this stock will go sideways with greater bearish bias. [...]

Bulls may have been able to counter the bears but are not able to control the battlefield yet. RSI is already shouting oversold but I think it will go sideways for now with bullish bias. We have seen other stocks touch the lower band of Bollinger Band then go sideways before doing a rally. It [...]

Morning Doji Star is seen today on PX but volume isn’t picking up yet. Another indicator RSI is giving a BUY signal. Will it bounce and reach 18? We recognize Morning DOji Star when we see the stock’s price is in a downtrend and then we see a Doji followed by a green candlestick as [...]

Our index has rebounded, at least for now. It closed 0.82% or 53.36 points to 6,472.98 Top gainers where FFI, ALPHA, MCP among others while the top losers are lead by CSB, RPL and MMI. TA went down following dismay from traders who were expecting a big news after the ASM today. It declined by [...]

No confirmation from PNX today as it stayed red. Biggest percentage of the volume are seen to trade at 9.30 Most of the time PNX is in red while seen on few minutes after opening to reach 9.50. The price movement today may cause PNX to go sideways with bearish bias. RSI at 14 means [...]

PIP kissed its 23.6% Fibonacci Retracement level support but refused to stay there at the closing. OUr chart showed that this line was a strong resistance. Without a good candlestick pattern at this time, this line will still be tested. But RSI now is at 22 which means this is oversold. Now waiting for the [...]

A good rally for DNL today which move up by 3.74% from yesterday’s close. Tomorrow will be another try to break the 7.0 immediate resistance which is quite strong. After the Hammer yesterday, we have seen a good green candlestick today. Is this it? Lets see if the resistance has now soften after bulls tried [...]

AGI refuses to stay below the lower band of Bollinger Band but failed to move above 23.6% Fibonacci Retracement level. Combination of candlesticks doesn’t show us any signal for reversal yet. Let us see tomorrow if it will be able to stay above the line. If not then this might go down looking for support [...]

Looks like BHI is at the mercy of its 76.4% Fibonacci Retracement level support before it will go into the abyss. Current price is now 0.122 which is 4.69% lower than yesterday’s closing. Without news and probably jockey has left this stock to rot, a greater possibility this stock will continue to go down. Caveat!

We have seen a good volume for BDO today following a bounce from the 38.2% Fibonacci Retracement level. Are we on for a reversal now? A lot are hoping that this is it. BDO opened below yesterday’s closing price but was able to rally and close near the middle of the previous candlestick’s real body. [...]

It was an exciting afternoon when the bulls made a come back from a 100+ deficit it went up by around 40+ points near the closing. Although our index still ended up red, we have felt the presence of the bulls and there is a chance the bullishness will continue tomorrow. Among the stocks who [...]

US stocks finished mixed after Cyprus lawmakers voted against a tax on bank deposits. Export and Industry Bank, BDO, BSC, LTG, PSE, TA, VLL, Mactan Cebu International Airport, Mining, SDA, inflation, Peso. International U.S. stocks finished mixed Tuesday, after lawmakers in Cyprus voted against a tax on bank deposits. This throws into doubt a €10 [...]

SLI did a good job today avoiding turning red. It closed by 15.91% to 1.02 Is this the beginning of its reversal? We have a Harami pattern formed in today’s chart. As we can see we have a green candlestick that is contained within yesterday’s red candlesticks. This pattern tells us that while the stock [...]

DNL was down as much as 6.07 per share but was able to come back in the afternoon. It turned bullish around 2:45 in the afternoon and closed at 6.68 per share. The rally creates a low reliability Hammer pattern. This is a single candlestick which has a real body with very small upper shadow [...]

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!