Sep 30

SPDR Gold (GLD): Getting Near 261.8% Fibonacci Extension Target

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GLD is getting very near to 261.8% FR now. Current Level is $171.9. This $173.76 is also the Resistance for the past 2 years. 

  • Daily Candle showing Bearish Harami. 
  • 2/5 EMA is still bullish on both Daily and Weekly Chart.
  • Expect retracement at this tough resistance.

 

See Previous Analysis. 261.8% FR was redrawn in this post.

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Apr 25

Starbucks (SBUX): Good Buy?

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Cautious: Don’t be misled by the Post Title!!

Starbucks (SBUX) has been on fantastic bull run for the past 3 years. Is it still a good buy now?

A few notes for myself:

  • Current price ($58.05) is also getting near to all time high of $63.23.
  • PE Ratio = 34.88
  • P/B Ratio = 9.95
  • Daily Chart 2/5 EMA crossed down and testing 20D SMA.
  • Weekly Chart Bearish Harami found at the top (near historical high resistance) and 2/5 EMA looks like going to cross down.
  • 10 years chart show a nice Parabolic Curve since the run up in 2009 (Yummy!!!)

 


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Nov 25

IndoAgri: What is the Next Move?

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IndoAgri has been in consolidation mode after finding the bottom in early Oct. Base on currenty chart pattern, it looks like IndoAgri is going to continue the down trend if the stock cannot break above the Down Trend resistance, 20D & 50D MA at about $1.30. Immediate support is $1.13 followed by $0.70 (123.6% FR). Weekly chart is also showing a similar pattern after Bearish Harami candlestick pattern formed at the end of Oct.

 

 

The analysis is originally from My Stocks Investing Journey.

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