May 31st, 2011 by Marubozu
OCBC Bank is forming an Ascending Triangle and currently bounced back from the Triangle support at about $9.30 which is also the 200D MA support. Current OCBC stock chart looks like going to move above all the 3 Moving Averages and heading towards the potential breakout of this triangle chart pattern. MACD is heading towards [...]
December 5th, 2009 by Marubozu
Intel (INTC) is breaking out from a Symmetrical Triangle with increase in trading volume. This breakout is a bullish signal and also confirmed by the Technical Indicators. Price target is around $22.50. Technical Indicators Stock price above 20D, 50D and 200D MA. MACD crossover and move into bullish convergence region. RSI is going up. Stochastic is [...]
December 3rd, 2009 by Marubozu
Yanlord is going to breakout from a falling wedge. Past two trading sessions ended with two Bullish Marubozu candles with increased in volume. Current stock price ($2.41) has broken 20D and 50D MA resistance line. MACD has crossovered the signal line and moving into bullish convergence region. RSI and Stochastic are heading upward. Stock price [...]