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Olam: Trend Reversal!

  • Post author:Marubozu
  • Post published:August 16, 2011

A Bearish Engulging candlestick pattern at the 61.8% Fibonacci Resistance & also the 20D MA Resistance was observed. This is a trend reversal pattern and will send Olam share price to $2.26 followed by $2.00.

 

Continue ReadingOlam: Trend Reversal!

First Resources: Trend Reversal!

  • Post author:Marubozu
  • Post published:August 16, 2011

First Resources showed Bearish Engulfing candlestick pattern at the resistance level. This is a trend reversal pattern and FirstRes is heading towards the next support of $1.23 followed by $1.08 which is the 61.8% Fibonacci Support.

Continue ReadingFirst Resources: Trend Reversal!

Ezra Holdings: Trading in a Falling Wedge

  • Post author:Marubozu
  • Post published:August 16, 2011

Ezra Holdings is currently trading in a Falling Wedge.

  • Resistance at about $1.15 which is the wedge resistance and also the 20D MA.
  • Support at $0.895. Breaking this support may send Ezra to $0.556 (123.6% Fibonacci Retracement Level).
  • Base on current chart, Ezra has not found the bottom yet.

 

Continue ReadingEzra Holdings: Trading in a Falling Wedge
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