Recent Posts - My Stocks Investing

OCBC Bank: Watch the 200D MA!

Post author:Marubozu
Post published:March 6, 2011

OCBC Bank rebounded from the 200D MA support after the recent down trend. However, this bearish trend may continue if

the 200D MA support is broken.
the 20D MA crosses down the 200D MA.
with significant selling volume.

Trade with care!

Singapore Airlines (SIA): Landed Safely?

Post author:Marubozu
Post published:March 6, 2011

Follow up on the previous analysis on “Singapore Airlines: Crash Landing Now!”, looks like SIA is rebounding from the 61.8% Fibonacci Retracement Support Level. However, the SIA plane is not fully stopped yet.

Things to watch out for the bearish trend to stop:

The current rebound from 61.8% Fibonacci Support will test the 20D MA resistance at about $14.00. Need to see whether SIA can clear this 20D MA resistance and stay above this level.
If SIA is unable to clear this 20D MA resistance, it is expected SIA to test the 61.8% Fibonacci Support again at about $13.20. If this support is broken, the bearish trend will continue for Singapore Airlines.

Also note that the current oil price of US$104 per barrel have significant impacts on SIA future earnings.

NOL: Testing 200D MA Resistance

Post author:Marubozu
Post published:March 5, 2011

Current NOL chart looks bearish. A Bearish Engulfing candlestick pattern especially at the resistance level was observed. This is a reversal pattern after the recent rebounce. Keep a close eye that whether 20D MA crosses down the 200D MA in the next few days. If yes, NOL will start a bearish down trend.