Marubozu - My Stocks Investing

Wilmar International: A Very Bloody Falling Knife!

Post author:Marubozu
Post published:February 12, 2011

Follow up previous post on Wilmar: Don’ Catch the Falling Knife!

Wilmar’s stock chart continues the downtrend after failing to break the 20D MA resistance for the third time. Next support to watch is 61.8% Fibonacci Retracement Level at about $5.115.

China Animal Healthcare: Watch The Uptrend Support!

Post author:Marubozu
Post published:February 10, 2011

China Animal Healthcare’s stock chart is showing sign of weakening, if we compare the previous wave patterns (nice and solid triangle) on the uptrend. Although the uptrend is still intact base on current chart, it is important to see whether ChinaAniH can stay above this uptrend support at about $0.345 (which is also at 78.6% Fibonacci Support). Breaking down this support indicates the end of the uptrend for China Animal Healthcare.

Noble Group: Uptrend Still Intact?

Post author:Marubozu
Post published:February 9, 2011

Although Noble Group’s stock chart is still showing an uptrend, but the stock price is closing in the resistance of $2.37.

Things to watch:

Whether Noble Group can break the $2.37 resistance with heavy volume, and stay above this $2.37 to make the resistance becomes support. If this happens, Noble will continue the up trend.
If Noble breaks the uptrend support at about $2.195 (which is also the combination support of up trend support, 50D MA and 78.6% Fibonacci Retracement Level), that indicates the uptrend has ended for Noble Group.