Singapore Stocks - My Stocks Investing

Golden Agriculture: Beware of Reversal!

Post author:Marubozu
Post published:January 6, 2011

Golden Agriculture is forming a Rising Wedge. Rising Wedge in an uptrend is a trend reversal chart pattern. In addition, GoldgenAgri stock price now is trading near the 61.8% Fibonacci Retracement Level. This level will probably a strong resistance after 3 months of bullish uptrend. So, beware of reversal!

Raffles Education: Start to Get Bullish?

Post author:Marubozu
Post published:January 6, 2011

Raffles Education breaks out from a Falling Wedge today with a spike in trading volume. Could this be a start of the bull run for RafflesEdu? I think not yet. To be safe on a good entry, need to watch out for the following:

RafflesEdu immediately face a 200D MA resistance after the breakout. Need to see whether the bull has enough steam to pierce through this 200D MA resistance with healthy volume.
If this 200D MA resistance is broken, we need to watch whether the pull back of the stock price can stay above this 200D MA, ie. make the resistance becomes support.
Also take note that the 200D MA long term trend is still sloping down.
Need to watch the 20D, 50D and 200D MA crossover to confirm the downtrend has stopped and reverse to the up trend.

China HongXing: Is the Bull Coming?

Post author:Marubozu
Post published:January 4, 2011

China HongXing moves above all 3 Moving Averages today. Other bullish technical signs are observed too:

20D MA starts to head up to cross 50D MA.
RSI and Stochastic starts heading north.
MACD starts to get bullish signal.
Stock Price is on top of Parabolic SAR.
Stock Price at the upper Bollinger Band.

China HongXing finds a good support at 200D MA at about $0.155. Everything looks good but now the only thing is to closely observe whether there is enough sustainable trading volume to kick the bull to run!