Marubozu - My Stocks Investing

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.

Singapore Exchange (SGX): Where is the Support?

Post author:Marubozu
Post published:March 16, 2011

Singapore Stock Exchange (SGX) has been on the down trend after breaking the 200D MA support. When will SGX stop the free falling? Next two supports to watch at $7.20 and the 50% Fibonacci Support at $6.915. Expect a rebound at this 50% FR Level but need to see whether the free fall will stop here.