Marubozu - My Stocks Investing

Straits Asia: Breaking Out?

Post author:Marubozu
Post published:July 25, 2010

Straits Asia broke the 20D MA, 50D MA and 61.8% Fibonacci Retracement resistance in the last trading day. The stock also looks like breaking out from a falling wedge. If this breakout is successful, the price target is $2.60. The next immediate resistance is about $2.10 which is the 200D MA resistance. $2.00 should be a strong support. All other technical indicators like MACD, Stochastic, RSI, Parabolic SAR, Bollinger Band show the bullish strength. This level looks like a good entry level.

China HongXing – Starting to Move

Post author:Marubozu
Post published:July 25, 2010

China HongXing traded 78.8 million shares and also the 3rd most active counter last Friday. The stock closed at $0.14 with a bullish marubozu candle and move above 20D and 50D MA. Traders have back in this counter which has a very strong support between $0.115 to $0.12 for the past two months. Next immediate resistance is $0.155 (50% Fibonacci Retracement Level) and $0.16 (200D MA). Breaking above $0.16 will make China HongXing to be bullish again.

Golden Agri: Start New Up Trend

Post author:Marubozu
Post published:July 25, 2010

Golden Agri broke $0.54 78.6% Fibonacci Retracement resistance recently and looked like starting a new up trend. A lower high, higher high up trend pattern has form. $0.54 should serve as a good support level and can be considered a good entry point to trade.