Singapore Stocks - My Stocks Investing

Yanlord – Breaking Out from a Falling Wedge!

Post author:Marubozu
Post published:December 3, 2009

Yanlord is going to breakout from a falling wedge. Past two trading sessions ended with two Bullish Marubozu candles with increased in volume.

Current stock price ($2.41) has broken 20D and 50D MA resistance line.
MACD has crossovered the signal line and moving into bullish convergence region.
RSI and Stochastic are heading upward.
Stock price is at the upper Bollinger Band and above Parabolic SAR line.

Price target remains the same as previous analysis of about $2.85 after breakout. Yanlord has to stay above $2.40 (a critical resistance turned support level of the falling wedge) before reaching the target. Otherwise, the stock will fall back and gyrate in this falling wedge.

Genting Singapore – Forming a Bearish Descending Triangle?

Post author:Marubozu
Post published:November 30, 2009

Genting appears to be forming a Bearish Descending Triangle in an up trend. If this triangle is formed and the stock price breakdown from the triangle support, a trend reversal pattern is confirmed. In addition, Genting has just broken 20D and 50D MA support lines. RSI is heading south (31% now) and MACD shows bearish convergence. These are Sell signals.

SIA – Breaks 20D & 50D MA Support!

Post author:Marubozu
Post published:November 30, 2009

SIA closed today at $13.30 with a shooting star (Inverted Hammer) with increase in trading volume. The stock has broken below 20D and 50D MA support and other indicators like MACD, RSI, Stochastic Parabolic SAR, Bollinger Band showed weakness in the near term. SIA may retrace back to $12.10 (61.8% Fibonacci Retracement Level).