Singapore Stocks - My Stocks Investing

Rotary Engineering – Bullish Engulfing Pattern!

Post author:Marubozu
Post published:May 7, 2010

Rotary Engineering is showing a Bullish Engulfing candlestick pattern today. This is a trend reversal pattern after a down trend.

Next Immediate Support is at about $1.00.
Next Immediate Resistance is at $1.06 which is 50D MA, 200D MA and 78.6% Fibonacci Retracement Level.
In order for Rotary to start an uptrend, the stock price need to stay above $1.10 which is above all three MA first, and subsequently clear $1.18. Otherwise Rotary may be moving sideway between $1.00 and $1.18.

CSE Global – Break the Up Trend Support

Post author:Marubozu
Post published:May 7, 2010

CSE Global has broken an up trend support and currently trading below 20D and 50D MA. The candlestick shows a potential formation of a Morning Star but need to wait for the confirmation of next trading day. Next immediate support is at $0.86 which is a 200D MA support and also 61.8% Fibonacci Retracement Level. The stock has to go above $1.00 to keep the up trend in tact.

IndoAgri – Break Critical Support

Post author:Marubozu
Post published:May 7, 2010

IndoAgri seems to have broken the uptrend support which is also the support for a Double Tops chart pattern, with a spike in trading volume. If IndoAgri cannot move back above the support level (about $2.25), the stock may go down to $1.713 which is a Double Tops breakout price target and also 61.8% Fibonacci Retracement Level.