Marubozu - My Stocks Investing

China HongXing – Broke all critical support levels!

Post author:Marubozu
Post published:October 1, 2009

China HongXing closed at $0.20 with another bearish marubozu candle today! It also broke the uptrend channel support, 50D MA, and short term critical 61.8% Fibonacci retracement level of $0.204. All other technical indicators show weakness of the stock price. It may face further sell down pressure because the stock price is at the bottom envelope of the Bollinger Band and also below the Parabolic SAR line. It will be critical to see whether China HongXing can bounce back from $0.20 to $0.205 level in the next few days. The next critical support level at $0.17 to $0.18.

China Zaino – Dropped out from the uptrend channel!

Post author:Marubozu
Post published:October 1, 2009

China Zaino closed at $0.285 with a bearish marubozu candle. It dropped out from the current uptrend channel and also broke the 20D MA support line. If China Zaino can move up in the next few days, a new channel line (with different gradient) has to be redrawn. Otherwise it will be the end of the uptrend and the stocks will move into consolidation phase.

Synear – Trend Reversal!

Post author:Marubozu
Post published:October 1, 2009

A Dark Cloud Cover Pattern (1st level reversal pattern) was formed on the uptrend channel. The stock may retrace back to $0.35 where this is the support line of the channel and 20D MA. If it breaks this support level, next support is $0.33. The uptrend channel probably ends when it reaches the $0.33 level.