Marubozu - My Stocks Investing

Ezra: Watch this Support!

Post author:Marubozu
Post published:September 28, 2011

Ezra has been in the consolidation mode between $0.90 to $1.00 close to 2 months. If this $0.895 support is broken, Ezra will free fall to $0.556 as there are no significant supports between these two levels.

Goodpack: Resistance at $1.67

Post author:Marubozu
Post published:September 28, 2011

Another round of sell off starts for Goodpack. Currently the stock is trading in a down trend where the trend resistance at about $1.67 (also the 61.8% Fibonacci Resistance & 50D MA). Although this stock is value stock but be reminded that DO NOT buy the stock which is on down trend unless anyone has deep pocket to hold. The stock is cheap but it can go even cheaper! This stock is in my watch list…. but I am NOT planning to long this value stock at the moment. I am SHORTING when the stock price get near to the resistance again!

Value Investors out there, DON’T HATE me! I pay my school fee to get myself educated on how to short the market too! But my coach DID NOT teach me to short value stocks! DO NOT FOLLOW ME because Value Investing teaches to BUY MORE using Dollar Cost Averaging Method. 🙂

Jardine C&C: Elliott Wave A or Wave B?

Post author:Marubozu
Post published:September 28, 2011

Jardine Cycle & Carriage is currently forming Wave A of Elliott. Jardine C&C rebound from the 200D MA support and looks like starting a Wave B. If this is true, the next resistance is at about $43 (20D MA) and $45 (50D MA). Looks like upside is limited and the downside risk is very high just imagine how the Wave C looks like.