Trader's Logbook

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!

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 [...]

After yesterday’s dip, AEV rebounded and closed above the 54 mark and close just at 38.2% Fibonacci Retracement level. The area that we have right now has been our area of interest since last Monday because we have seen action here last December and last January. Will this be a place for the launching of [...]

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 [...]

Are we done testing our support zone? Last Friday was a good one for holders as DNL rallied for 4%. At this time holders can breath with ease. We see a more bullish sentiment on this stock and may soon try to break the resistance. We see on our chart that 23.6% Fibonacci retracement level [...]

Looks like ARA is following its track. Last time around Feb 13 we saw ARAmina Trending? ARA went up for the second day since last Friday with bullish sentiment still intact. Is it heading the resistance line (upper slope) or we will see some headwinds before going further? That could be possible but the track [...]

Made a good run today and closed 2.95% to 33.20 Coming from the lower range or the support line of the Rectangle Formation, PGOLD rise up to its resistance level. Currently, PGOLD has a chance to break the resistance (upper parallel line). With RSI still below the overbought level, there is still room to move [...]

Looks like we might have a play for MMI (MARIWASA SIAM HOLDINGS, INC.) or what we saw today was all we could get? Thai cement firm to sell stake in Philippine ceramic tile maker MANILA – The largest cement company in Thailand will divest its stake in Mariwasa SIAM Holdings Inc. following the restructuring of [...]

Looks like GERI will test the support (previous resistance) before going up full blast. Or it will be a fake breakout? If only it closed where the end of the lower tail else, then it would be a more convincing bearish signal but instead the bulls where able to bring the price up a little [...]

For JGS (JG SUMMIT HOLDINGS, INC.)there was a sell off. Price going down with relatively big volume and it happen to break the support around 32.18 Fibonacci retracement level. The price level today is the same as that of July 18 so it might rebound. From July 18 to this date actually I consider it [...]

Some of you might wonder who are the existing online brokers here in our country. I know a few like the following: 1. COL Financial This is my broker. Good thing about this company is that they have a package for those you want to start small in stock market. For as low as Php [...]

Obey the signal so as not to be caught and pay a big penalty. What we have seen today is a confirmation of the reversal. Bears are now taking charge. The price may surge within the day but generally this is going south for now. If you have the chance to get out, grab it. [...]

I don’t know why, You said goodbye Just let me know you didn’t go forever my love Please tell me why, You make me cry I beg you please I’m on my knees if that’s what you want me to A red candlestick after another which started after we have seen the Hanging Man. Maybe [...]

PGOLD‘s drop today is for a healthy correction and most traders/investors are happy so that they can add at a cheaper price. Notice that there is a thin volume meaning there was no panic selling since most holders of this stock is very confident this will go up soon. The range where the price of [...]

After the comeback party of Ate BHI when it was like seeing a circus our heart beats faster. Then a presentation from hanging man ended the party. Are we done with the circus or just pause while actors prepare for the grand event? Going back to technical analysis, the Hanging Man was confirmed today with [...]

After the two spectacular gaps TDY has not been active and it is for a few days now. Are we going to see a long consolidation period for TDY? When will the good news be brought out? All are waiting for the completion of the merge so as to project how much is the right [...]

AGI is in a downtrend for few days now. At the closing, the price tried to break the support at the 50% Fibonacci Retracement Level. More likely to happen since no news or indicator for this to go up soon. There might be some good price movement tomorrow for a chance to get out. For [...]

This stock may have a good volume and large green candlestick with no reversal signal yet but be careful because the RSI is already high. Also, I noticed that some stocks tend to rise up high and then go down on the next day. Prepare to click that button tomorrow. I have this but already [...]

After a rumor about the JV which fueled the price to go up we got a disclosure that JPGuilds Acquiring 22.47M shares at 0.1623 price /share. The candlestick today looks like a Hanging Man but to make it more convincing bearish reversal it should have been a red stick with a big gap up and [...]

No reversal indicator yet. The up in price today is just a normal price movement but doesn’t tell us its now bullish. For those ipits, it should have been your chance to get out. For those who want long term, I think its not yet time to add more shares. It might dip a little [...]