Marubozu - My Stocks Investing

Straits Times Index (STI): A Big Correction Ahead?

Post author:Marubozu
Post published:June 12, 2011

Straits Times Index (STI) has been trading within a Symmetrical Triangle for 3 months but broken down with a long bearish candle last trading day. This breakdown of a Symmetrical Triangle may send STI index down to 3,000 level which is also a psychological support level.

Also take note that the current STI is trading below all 4 Moving Averages (20D, 50D, 100D and 200D), 20D MA is crossing down 200D MA, MACD in Bearish Convergence region…. other technical indicators are also showing the bearish momentum of STI index.

I am bearish on STI in the coming weeks. Any BULL out there to share your view?

Yangzijiang: Break Neckline!

Post author:Marubozu
Post published:June 9, 2011

Follow up on last analysis, Yangzijiang has broken the neckline of the Head and Shoulder Chart pattern.

Price Target = $1.20.

Beware! Genting Singapore may start down trend!

Post author:Marubozu
Post published:June 1, 2011

Genting Singapore has been trading below the $2.00 psychological resistance for the last few days. In addition, Genting SP is trading below the 200D MA for the 1st time after 1 year. The stock is currently testing the 200D MA resistance. Failing to break above the $2.00 and 200D MA resistance may trigger a down trend for Genting Singapore. Also take note that 20D MA has crossed down 50D MA and will be crossing down the 200D MA soon. Shortie will love this chart pattern! 🙂 Feel free to share your view here!