Jaya Holding is forming a symmetrical triangle and looks like breaking out. Need to keep a close eye on the future price movement. Immediate support at $0.673 which is a 78.6% Fibonacci Retracement Level, followed by the uptrend support (which is also 200D MA support). Price target for the breakout is $0.90.
Noble Group has broken out from a Falling wedge since my last post.
Currently Noble Group broke the 200D MA resistance with 20D MA crosses up 50D MA. Current chart looks bullish and the breakout price target of $2.20 is on track. $1.845 (78.6% Fibonacci Retracement Level) should provide a good support for the bull to charge.
HL Asia is forming a Head and Shoulders with neckline at $3.238 which is also 61.8% Fibonacci support. HL Asia is currently trading below 20D, 50D and 200D MA and this is a bearish sign. Breaking below the neckline will send the stock down to $2.70.
