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Noble group formed a Bullish Engulfing yesterday but unfortunately did not move up today. Bullish Engulfing at the support level is a trend reversal pattern. Noble Group is currently just sitting above the down trend channel support. RSI is at oversold region. Things to watch out: If Noble rebounds from this support in the next [...]
Global Logistic Properties (GLP) may be forming Right Shoulder after the rebounding from the support with a Bullish Engulfing candlestick pattern. The stock is currently testing the resistance between $2.04 (20D MA) and $2.055 (50% Fibonacci Resistance). If GLP reverses from these two resistance, there is high possibility of forming a Head and Shoulder pattern.
Golden Agri may be rebounding in the coming days after a Doji candlestick was observed after the recent down trend. A Doji candlestick indicates a stop of the trend. Last Friday GoldenAgri formed a Bullish Engulfing candlestick pattern indicates a potential trend reversal. RSI is at oversold region and start to turn up. MACD is [...]