March, 2011 - My Stocks Investing

Yangzijiang: Break Long Term Up Trend Support?

Post author:Marubozu
Post published:March 20, 2011

Yangzijiang just broken the long term up trend support and 200D MA support. This support level is also very close to the 78.6% Fibonacci Retracement Level. If Yangzijiang cannot stay above from the 200D MA support, a trend reversal to down trend is confirmed. Great opportunity to short if Yangzijiang share price drops below $1.68.

See last Yangzijiang analysis HERE – Bull is Missing!

Genting Singapore: Trading in a Down Trend Channel

Post author:Marubozu
Post published:March 18, 2011

Genting Singapore is currently trading within a down trend channel. 20D MA remains as a very strong resistance as Genting SP has failed to break for 3 times.

Base on current chart:

Channel Resistance at about $1.90
Channel Support at about $1.78 – $1.80 which is the 200D MA and 61.8% Fibonacci Retracement Level.

CapitaLand:No Sign of Reversal Yet!

Post author:Marubozu
Post published:March 18, 2011

CapitaLand has broken the 61.8% Fibonacci Support since last analysis and currently rebound from the 50% Finonacci Support at about $3.095. CapitaLand is still on the down trend and there is no sign of reversal yet.

Immediate resistance is at 20D MA which is about $3.30.
Immediate support at 50% Fibonacci level of $3.095.