Trader's Logbook

ALI went up by 1.67% last Friday showing some bullish sentiment as it pierced the resistance line. Last week we saw the Ascending Triangle on ALI. Looks like ALI is ripe to continue its ascend after the consolidation. Normally we will have a test of newly found support. Lets see if the horizontal line can [...]

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!

Looks like ALI is in a bad mood as it continue to dip today. Price close near the 20-day SMA which is our immediate support. Will it hold? Next support might be at 30.00 which is our 23.6% Fibonacci Retracement level. Caveat!

Looks like ALI hit a thick wall and can’t go past it. The 33 level has been tried few times already but bulls failed to stay above it. Bears seem to be so strong at this point in time. Price action shows a bearish signal and if confirmed, price may go down and find support [...]

The afternoon session wiped out all the gains there is in our index as it plunged by 7.88% or 0.12% to 6,839.59. Among the the gainers that turned red are SMDC and BDO while others like PNX, MED, DNL and SMPH retraces. LC dipped below 1.00 during the day but managed the close at 1.00. [...]

SMPH still looks attractive after having a deep correction and going sideways. With the Investment Grade rating, we might see this stock goes back to its highs. Currently, its price is far from its 52-week high compared to ALI, its rival. But its BEL that is in a good position based on the % gap [...]

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 [...]

Last March 3 we Wait for ALI to touch within support zone] and sure it did then it bounce BUT the bounce last March 5 and 6 was immediately countered by a dip on March 7 following the disclosure of a top up placement of ALI common shares http://www.pse.com.ph/resource/disclosures/2013/pdf/dc2013-2035_ALI.pdf at a discounted price of 30.50 [...]

US markets at record high driven by a series of strong economic reports, particularly related to the job market and manufacturing proving fairly resistant to the fiscal cliff and the sequester. AC, ALI, AP, MBT, PERC, RCB, SM, S&P Outlook on PHL GDP. International The Dow Jones industrial average rose 0.2%, reaching a record high [...]

Good rally by BKD amid rumor that it will be used as a backdoor for RCBC Savings. It closed at the ceiling price. Jockeyed or not? We will know as it develops. VITA came to action as well and landed 4th behind SGP and RLT which were lightly traded. ALI is down by 5.63% following [...]

ALI which corrected for almost 4% last week may find support at around 23.6% Fibonacci Retracement level if it will continue to go down. 20-day SMA line is also within our support zone which gives us a good reason to speculate for a technical bounce. For those who are eager to enter ALI, your wait [...]

Stocks closed higher as Bernanke hinted at continued aid, coupled with positive economic data and robust corporate earnings. AUB, AGI, ALI, BDO, EDC, HLCM, MER, MWC, PX, Gaming, PPP, Infrastructure, interest rates, inflation. International Stocks closed solidly higher Tuesday after Fed chairman Ben Bernanke gave investors reason to believe that the central bank would continue [...]

CPG down by 4.58% as it was being hit left and right by the bears. ARA on the other hand enjoyed the 8.09% increase from yesterday’s price. It closed at 1.87 per share. TA and PGOLD made a good run today as well. Other stocks in red department are ALI, DIZ, MA and PHES among [...]

Dow and S&P suffer biggest one-day decline amid Italy instability, overbought concerns. ALI, CPG, MER, MPI, JGS, RCB, RLC, Airlines, Mining, GDP. International The Dow and S&P 500 suffered their biggest one-day decline of the year Monday as U.S. stocks were whipsawed by concerns about political instability in Italy. But many think that stocks have [...]

ALI has been in a bullish trend with some shallow corrections. Today we see a Doji Star pattern on its chart. Will there be a shallow correction in order for new entrants to come in? Or today is just a “pause” and another climb will happen tomorrow? In case it will go down following the [...]

Stocks lose traction with peak still in sight. ALI, AP, AEV, BRN, GMA7, MPI, JGS, PSE, Banking, Tourism, GDP, Capital Flows. International Stocks lose traction with peak still in sight U.S. stocks turned in an uninspired day of trading Wednesday as investors weighed slowing retail sales with slightly upbeat earnings reports. The Dow is about [...]

Another all time high for PSEi as it advances by 68.06 points or 1.04 percent to close at 6527.99  Nice run by ALI, MEG, FLI, EG among others. Check the rest of today’s top gainers and losers. # Stock Code Last Change %Change Value 1 MEGW2 2.3300 0.1900 8.88% 233,000 2 H2O 4.2900 0.2900 7.25% [...]

US stocks posted marginal gains as investors favored news of a jump in factory orders and ISM non-manufacturing data, shrugging off surprising quarterly decline. ALI, COAL, DMC, MER, AC, SCC, GTCAP, GLO, LPZ, FPH, MWIDE, PX, inflation, ING Outlook – Peso, GDP, Stock Market. International US stocks posted marginal gains for the weekled by the [...]

It’s ZHI again for the second time although it didn’t hit the ceiling today. Looks like it is losing steam? Other stocks that went up are ROCK, PX, ALI and LC Another blood spill for MRC as it declines by 8.26% Check the rest of today’s top gainers and losers # Stock Code Last Change [...]

Most traders didn’t expect that ZHI will fly and reach to the ceiling after so many weeks of sleeping. Backdoor rumor is again in the air as many try to put meaning why ZHI went up. I also have no idea why. ALI went up following the couple of news about certain developments. EW was [...]