Marubozu - My Stocks Investing

Swiber: Watch out for Breakout

Post author:Marubozu
Post published:August 22, 2010

Swiber is currently trading in a Symmetrical Triangle and looks like going to breakdown. Technical indicators are showing weakness:

Stock Price is trading under 20D, 50D and 200D MA.
MACD is Bearish Convergence.
Stock price is getting close to the lower band of Bollinger Band.
RSI and Stochastic are not bullish at all.
Stock Price is trading under the Parabolic SAR.

Base on current chart pattern and technical indicators, it looks like Swiber has higher chance of breaking down. Price target of breakdown from this Symmetrical Triangle is $0.64.

Golden Agri: On Up Trend Channel

Post author:Marubozu
Post published:August 19, 2010

Golden Agriculture is currently trading within an Up Trend Channel. As long as the channel support is not broken, a good entry is near the channel support which is at about $0.57. The 50D MA should provide a good support at about $0.55. Near term resistance is $0.615.

For short term safe trade: entry point at $0.57, exit point at $0.615. 8% Profit target.

Cut loss if GoldenAgri breaks the 50D MA support.

Disclaimer: I am NOT a certified stock analysis. The analysis posted is for my own use only and for information sharing. Use the inforamtion at you own risk.

Keppel Land: Elliott Wave Observed

Post author:Marubozu
Post published:August 17, 2010

An Elliott Wave has been formed on Keppel Land and seems that currently KepLand is trading in Wave A now. Short term Wave A target is at least reach $3.50 which is 78.6% Fibonacci Retracement Level. Coincidently this level is also a 200D MA support. Base on the chart pattern, KepLand is bearish. Other technical indicators like MACD, RSI, Stochastic, Bollinger Band, Parabolic SAR are supporting the bearish view.

If KepLand rebounds at the 200D MA support, that possibly indicates end of Wave A and start Wave B. It is important to see whether this 200D MA support is strong enough.