Raffles Education: Start to Get Bullish?

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Raffles Education breaks out from a Falling Wedge today with a spike in trading volume. Could this be a start of the bull run for RafflesEdu? I think not yet. To be safe on a good entry, need to watch out for the following:

  • RafflesEdu immediately face a 200D MA resistance after the breakout. Need to see whether the bull has enough steam to pierce through this 200D MA resistance with healthy volume.
  • If this 200D MA resistance is broken, we need to watch whether the pull back of the stock price can stay above this 200D MA, ie. make the resistance becomes support.
  • Also take note that the 200D MA long term trend is still sloping down.
  • Need to watch the 20D, 50D and 200D MA crossover to confirm the downtrend has stopped and reverse to the up trend.

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China HongXing: Is the Bull Coming?

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China HongXing moves above all 3 Moving Averages today. Other bullish technical signs are observed too:

  • 20D MA starts to head up to cross 50D MA.
  • RSI and Stochastic starts heading north.
  • MACD starts to get bullish signal.
  • Stock Price is on top of Parabolic SAR.
  • Stock Price at the upper Bollinger Band.

China HongXing finds a good support at 200D MA at about $0.155.  Everything looks good but now the only thing is to closely observe whether there is enough sustainable trading volume to kick the bull to run!

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Eratat: On Up Trend

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Eratat is current trading on uptrend. However, Eratat may pull back as the stock is hitting the 78.6% Fibonacci Resistance at about $0.239. $0.21 (the uptrend support) is a good entry level for short term trade as long as Eratat stays above this uptrend support line.

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