China Fishery has started the down trend after the stock price was unable to break above the previouos uptrend support turned resistance level. ChinaFish is also showing a “Lower Low, Lower High” down trend chart pattern. Next support is $1.75 followed by $1.625 which is the 61.8% Fibonacci Support.
Hyflux has limited upside as the stock has a tough 200D MA resistance (also the 78.6% Fibonacci Resistance) to break. Next support is seen at 61.8% Fibonacci Retracement level at about $1.85. Breaking below this $1.85 will kick start down trend for Hyflux.
Ezra Holding broke down from the Ascending Triangle and reached the breakout target price at about $1.60. This $1.60 is also the 38.2% Fibonacci Support. Currently there is still no clear sign of the down trend will stop for Ezra yet but RSI is in the OverSold region. Looks for potential rebound in the next few days but keep a close eye on $1.60. If this $1.60 becomes resistance, Ezra chart is very bearish and may start a down trend. Currently Ezra is trading below the 3 Moving Averages.
