Fibonacci Spiral
July 28th, 2010 by Marubozu
Look at the RATIO of the Spiral but NOT the girl!! 
Fibonacci again!
China Fishery: Elliott Wave C now?
July 28th, 2010 by Marubozu
China Fishery looks like starting an Elliott Wave C. If the Elliott Wave count is correct, very likely China Fishery will break this uptrend support line and may go down to $1.60 which is the 618% Fibonacci Retracement Level.
$1.90 is the critical support to watch as it is a 78.6% Fibonacci Retracement level + 50D MA support + Up Trend Support.
Hyflux: Testing 78.6% Fibonacci Retracement Resistance
July 28th, 2010 by Marubozu
Hyflux is currently testing 78.6% Fibonacci Retracement Resistance at about $3.20. Hyflux bounced off 50D MA support and break 20D MA resistance recently. If this 78.6% FR resistance is broke, the next immediate resistance is $3.25. Hyflux has to break $3.40 (the previous high) to start an uptrend (i.e. higher high, lower high uptrend pattern).
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