Recent Posts - My Stocks Investing

Noble Group: Change in Trend?

Post author:Marubozu
Post published:March 2, 2014

Noble Groups fought back impressively in the past 5 sessions with bullish candle and cleared above all 3 Moving Averages resistances. Next Immediate resistance is at $1.05 (previous support of a large Descending Triangle), and resistance zone of the previous Head and Shoulders chart pattern. Clearing all these resistances will confirm the change of trend (to up trend) of Noble Group. Noble has formed a Higher Low (Purple) after retraced back to 38.2% FR. Now need to see whether Noble can break above $1.12 resistance to form a Higher High uptrend pattern.

Original Post by Marubozu @ My Stocks Investing Journey.

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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.