Trader's Logbook

BLOOM made a 4.92% run last week and based on the weekly chart we could see BLOOM is just starting. Daily chart shows the slope and the 50% Fibonacci Retracement level has been helping block the price in going down. BLOOM may try this week to see how strong the resistance at 38.2% will be. [...]

Is it a last call for SLI to jump ship or its the base for the jumping board? SLI continuously going south as traders continue to put selling pressure. RSI or Relative Strength Index is now at 19.20. Will this going to attract traders to push the price up and making a support line or [...]

CPG is on the radar of many traders last week. Last Friday CPG went up by 1.79% but looking at the weekly chart it still have bearish sentiment. Last week I was waiting for it to touch around 23.6% Fibonacci Retracement level or even further to the lower slope but it didn’t happen. Still near [...]

Last time we look into GERI we thought the Flag on GERI will help us get some good point for bounce but it failed and it continued to move within the downward channel. Currently the price is touching the lower slope and 38.2% Fibonacci Retracement level. The sell down was felt with relatively big volume. [...]

Is it GoodBHI (bye) for BHI? after it failed to bounce from the slope it used to bounce on to? Currently BHI is moving outside from the channel and testing the 23.6% Fibonacci Retracement level. If support will fail, panic selling will drive this stock below 0.17 I think as of this time sentiment is [...]

TA’s rally wasn’t sustained. It went up as high as 2.85 but settled 1 fluc below its opening price. The price is above the 2.72 which was the highest intraday price last few weeks ago. This could be considered an immediate support for TA although it is not really strong. Still the strong support can [...]

Is the Shooting Star pattern we have today just a representation of the test of support at 50% Fibonacci Retracement level and the 20-day SMA line or it will be a bad signal telling us that bulls have receded. Unless this candlestick will be confirmed tomorrow via large red candlestick, then this is just a [...]

90.5% of the volume today was traded at 12.44 but it would have been more bullish if it close at the highest price of the day. Still the bullishness is there as it stayed slightly above the upper slope and on 50% Fibonacci Retracement level. The volume is very big and RSI is still very [...]

We are still retaining our reading for TA which is sideways with bullish bias. The sideways movement usually happens after a big dip. Its like a calm after the storm. That is true if traders still have the conviction that this stock has room for growth. To those who have been on this price zone [...]

We have speculated last Friday that LR may bounce from 50% Fibonacci Retracement level but after rallying as high as 8.39, it settled near its opening price. The price movement could mean that while the bears are still in command, the bulls have just make their presence felt and starting to move forward making the [...]

Just as what we thought when PGOLD broke the resistance last time (PGOLD now at 40 level. Life has just begun.), it has the tendency to test the newly found support. Aside from the slope we also have the 23.6% Fibonacci Retracement level as our support. PGOLD is now back at 40 level but 45 [...]

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 [...]

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 [...]

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 [...]