Raffles Education – Bounced back from 200D MA & reversed the trend!

What a big difference within a week! Last week the chart looked so bearish but today the stock price closed at $0.53 (with 48 million shares traded, #9 most active stocks of the day) showing a “Three Inside Up” reversal pattern after bounced back from 200D MA trend support of $0.51. Technical Indicators like Parabolic SAR, MACD, RSI and Stochastic are showing sign of reversal of bearish trend to bullish trend.

I was unable to resist this golden opportunity and entered the trade at $0.525 this evening. The support levels are pretty strong at $0.51 (200D MA) & $0.535 (61.8% Fibonacci Retracement Level).

Epure International – Double Tops Formation

Epure has formed a double top and probably will start the down trend and retrace back to $0.45 base on 61.8% Fibonacci Retracement by latest end Dec, 2009 (base on Fibonacci Fan).

Epure International is a Leading Water and Wastewater Treatment Solutions Provider and recently won a number of projects. Expect good earning in the near future the projects are completed and revenues are recognised.

China HongXing – Swinging in the channel?

China HongXing demonstrated a similar trend like Synear. Today the stock closed at $0.25 with a gravestone doji (end of the short term up trend) where the bear tried to push the price back to the channel. If the stock price returns to the channel and starts the retracement,  I will target to enter the trade at $0.21 and exit at $0.26 with a profit target of 24% within a two weeks trade.