Tag Archives: Down Trend Channel

Nov 23

Noble Group: Rebounding Soon?

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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 few days, the stock may move up to close the gap and get near to the resistance level at about $1.30 (downtrend channel resistance and 20D MA)
  • If Noble breaks this support, Noble may be heading towards $0.924 (123.6% FR) and $0.753 (138.2% FR).

 

Nov 13

Yangzijiang: Bull is Getting Ready!

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Yangzijiang has found the bottom and break the down trend pattern. The stock chart is showing “higher high, higher low” uptrend pattern, indicates the end of the uptrend for Yangzijiang. On the weekly chart, YZJ 2W MA, 4W MA is going to cross up 12W MA after forming a Morning Star on end Sept. Watch this $1.00 resistance closely! The Bull will be back when this $1.00 resistance is broken with huge trading volume.

Yangzijiang is also showing nice earning in the recent announcement.

Find YZJ fundamental here.

 

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