Marubozu - My Stocks Investing

Semiconductor Sector Recovery

Post author:Marubozu
Post published:October 23, 2009

Additional Semiconductor related news for investment consideration in SMH.

http://stock-triumph.blogspot.com/2009/10/semiconductor-industry-recovering.html

http://stock-triumph.blogspot.com/2009/10/semiconductor-recovery.html

http://stock-triumph.blogspot.com/2009/10/semiconductor-recovery-part-2.html

China HongXing – Breakout to North or to South?

Post author:Marubozu
Post published:October 23, 2009

China HongXing has formed a Head & Shoulders and at the edge of breaking out from a triangle. If China HongXing breakout from the triangle and go north with huge volume, the stock may go up to $0.27. Conversely, if the stock breaks out (the triangle support is also the neckline) and heads south, the stock may go down to $0.13.

China Fishery – a bigger picture (Elliott Wave)!

Post author:Marubozu
Post published:October 23, 2009

China Fishery closed at $1.26 (a critical support level) with a hammer today (a trend reversal). Looking at a bigger picture, China Fishery is forming a nice Elliott Wave (in blue) and currently is probably ended with Wave 4, and the hammer may indicate the start of Wave 5 (the biggest wave).
Coincidently, a smaller Elliott Wave (in red) is observed and probably at the end of Wave C currently. This ABC retracement is approximately at 61.8% Fibonacci Level.
Base on the chart pattern and candlestick, plus the healthy correction, China Fishery will probably go on a medium term bullish upside.