Recent Posts - My Stocks Investing

ST Engineering: Respect the 50D SMA

Post author:Marubozu
Post published:March 2, 2014

ST Engineering is currently trading in down trend and in short term consolidation. More down side expected in the coming days or weeks as ST Engineering was rejected at $3.83 support turned resistance (green) and also the 50D SMA resistance (blue). 50D SMA is rather reliable as support & resistance for ST Engineering when the stock is trending. The price target of the Symmetrical Triangle breakout is still valid. See previous stock chart analysis for ST Engineering here.

Join the Technical Analysis Workshop to learn how to derive the target price of the chart pattern of Symmetrical Triangle and learn how to identify a reliable support & resistance level to increase the probability of winning in your trade.

Keppel Land: More Down Side to Come?

Post author:Marubozu
Post published:March 1, 2014

Keppel Land failed to break the support turned resistance zone between $3.27 and $3.30 and started turning down. More down side expected with the price target of $2.78 after breaking down from the Rectangle. Keppel Land’s current chart is for trader to make money but not for investor.

Original Post by Marubozu @ My Stocks Investing Journey.

Join the Technical Analysis Workshop to learn how to derive the target price of the chart pattern of Rectangle and learn how to find the support turned resistance level to increase the probability of winning in your trade.

DBS Bank: Huge Down Side Risk!

Post author:Marubozu
Post published:March 1, 2014

DBS is currently trading within a Falling wedge and trading below the 200D SMA. DBS retraced back to 50% Fibonacci Retracement and continue the downward movement to the price target of $15.40 (short term) and $14.40 (medium term base on the breakout from Symmetrical Triangle). Base on current chart pattern and technical analysis, the down side risk is very huge for DBS Bank. Good trading opportunities for shorting but bad for investors who do not know how to hedge. Sit tight!

Original Post by Marubozu @ My Stocks Investing Journey.

Join the Technical Analysis Workshop to learn how to derive the target price of the chart pattern of Symmetrical Triangle, Falling Wedge and using Fibonacci Retracement, to increase the probability of winning in your trade.