Marubozu - My Stocks Investing

Ezra: Coming Back to Test an Important Support

Post author:Marubozu
Post published:April 14, 2011

Ezra is coming back to test the previous tough resistance at about $1.75. See previous analysis here. This $1.75 level is also close to 20D MA and 200D MA support. In addition, this is also the support for the Rising Wedge. If Ezra can stay above this $1.75 for the next few days, this resistance-become-support level will be a very good base for Ezra to start the up trend. Next Immediate Tough Resistance is $1.85 which is also the Rising Wedge resistance.

Capitaland: Breakout !

Post author:Marubozu
Post published:April 10, 2011

Capitaland breakout from Inverted Head and Shoulders and the price target is $3.65. Also note that the increase in buying volume supports the breakout.

IndoAgriculture: Breaking Out Soon?

Post author:Marubozu
Post published:April 10, 2011

IndoAgri has formed an Inverted Head and Shoulders and currently testing the neckline resistance at about $2.30. Previously IndoAgri had a very nice breakout from a Rising Wedge and reached the minimum breakout target price. Can IndoAgriculture have a nice breakout from this Inverted Head and Shoulders pattern and reach the minimum target price of $2.54? If yes, this IndoAgri chart pattern can be a very good teaching material of chart patterns for a Technical Analysis class!