Trader's Logbook

LTG is moving downwards after it hit as high as 28.40. Looks like it is approaching the 23.6% Fibonacci Retracement level and 20-day SMA. There was a Doji candlestick last Thursday but the next day’s candlestick didn’t confirm. For those who are not able to ride on this stock last time it was around 24, [...]

Too bad for those waiting at 3.5 for MEG as it reverses taking the cue from the Doji instead of diving to its support. MEG is up by 2.68% from yesterday’s price to close at 3.83 per share. I will still wait at 3.50 until a break from 4.0 will happen. Caveat!

Will MEG hit the support line again? Looks like it is heading on that direction. Although last Monday’s candlestick is a Doji, it wasn’t able to close above the 20-day SMA line. This could mean that the bulls are not yet interested in bring the price up. Maybe we can fetch some shares at 3.5? [...]

After the last time we posted about FGEN (Close that gap FGEN), it finally closed the gap but at the same time it shows great indecision among the bears and the bulls. The Doji candlestick tells us that price went up and went down but settled near the opening price. Since the indecision appears after [...]

EDC have a gap to be filled soon but filling this gap is a big challenge as we see strong resistances before hitting 7.00 Current price is on the support line which is our 61.8% Fibonacci retracement level. This area of interest has some action before which tells us this might hold but at the [...]

We have seen FGEN range trade this past few days. Currently our price is at the high point of the range. Last Thursday we don’t have much participation from the traders and the candlestick turned out a Doji. As we all know this candlestick shows indecision mood between bears and bulls but the next day’s [...]

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 [...]

ELI is silently climbing up the ladder since last week. From the lower band now to the upper band of Bollinger Band. Last two days ago we have an unconfirmed reversal from a Doji but today we have another Doji. Will it be confirmed this time? Will price go down after this or it will [...]

We saw the trend of RLC before it breaks from resistance Will ROBINSONS LAND CORPORATION (RLC) obey its trend line? So far the newly found support has been tested but it seems the bears are not yet done with the test. Currently we have another possible bearish reversal via a Doji with a very long upper [...]

DNL going down for few days now trying to find its support. Last Friday we saw a large red candlestick that touches our 23.6% Fibonacci Retracement level and then followed by a Doji. we thought selling pressure is already gone but today sellers are doing what they do best again and this time driving our [...]

CPG still can’t move forward but bullish trend is still intact on this stock. Price action today draws a Doji candlestick but doesn’t show a bearish reversal. This might go sideways while testing the support line. Once bulls will be able to see they are strong at this level, they can proceed and build a [...]

PGOLD look tired after breaking resistance at 36. At the top of our chart is a small Doji but doesn’t look like a bad one. I think it will go sideways again like what happened when it was playing around with zone 36. If that will happen with a price rally after few days, then [...]

Quite a few failed technical bounce plays for PHES already and today might be its last chance to bounce or else it will fall into the abyss unless 0.58 will hold. Today’s candlestick formation is what we call a Harami Cross which is has a medium reliability for reversal. This is formed when a red [...]

Speculating there might be a bounce play for PHES very near soon as it leveled out with the price range that is present last November. After few days of red and Doji candlesticks, we have a green one today. Will the bears submit to the bulls this time? Look like PHES has a sideways with [...]

Another stock that shows an indecisive mood at market’s closing. ALI was up few notches but settled with only a meager gain at the closing. Is it bound to correct soon? Although a Doji is not that reliable with regards to trend reversal, one should still keep guard with the position. Psychological resistance at 28. Caveat!

Looks like there is a family trend created by BPI. Will the Doji going to follow the trend or it will do a different style this time? While general trend is upward, we see trend where a Doji at the top of the slope causes the price to go down and then touch the support. [...]

Looks like DNL is creating a stairway going up. Noticed how it makes a horizontal line after the ascend. Is this a stairway to another all time high or a ramp has been created waiting for the diver? A lot of times, DNL doesn’t look at the Doji as a reversal signal. Caveat!

After the all-time high early this month and days of correction, it seems that EW is ready to start flying again. When we saw the Hammer last few days ago at 23.6% Fibonacci Retracement level, we thought that was the time we are waiting for but instead it rests on that level for a few [...]

Looks like ELI still have the bullish bias after it close with a Doji candlestick the second time around. our observation remains the same after it closed although during the morning session we thought that it will fall down because of discouragement that some traders were having. We are looking at 23.6% Fibonacci Retracement level [...]

MRC have been going south for quite a while now. Yesterday we saw a Doji but just the same as few days back, it seems that MRC doesn’t follow Doji’s. Will it follow today’s cue from Inverted Hammer? Just be careful because like Doji, reliability of this signal is low. If you do a test [...]