Recent Posts - My Stocks Investing

Citigroup (C): Forming a Rising Wedge

Post author:Marubozu
Post published:December 5, 2010

Citigroup is currently forming a long term Rising Wedge. Currently Citigroup seems that starting an uptrend from Sept 2010 to Dec 2010 where the C stock price is trading above 20D, 50D and 200D MA. We can see that the 200D MA is trending upwards which is a uptrend sign. C also bounced off from the 200D MA support for the past 3 occasions. Current price looks like a good entry point for long term investment. The resistance is the Rising Wedge Resistance at about $5.00.

Investing & Trading Rules and Philosophy

Post author:Marubozu
Post published:December 2, 2010

Only buy something that you’d be perfectly happy to hold if the market shut down for 10 years. – Warren Buffett
It’s far better to buy a wonderful company at a fair price than a fair company at a wonderful price. – Warren Buffett

Noble Group: Up Trend Still Intact if …

Post author:Marubozu
Post published:December 1, 2010

Base on current chart pattern, Noble Group uptrend is still intact if 50D MA support (about $2.00) is strong enough. This 50D MA support is also a uptrend support. Next immediate Resistance at $2.24.

Noble is close to 52 weeks high of $2.24 and thus upside potential may be limited. In additional, current Noble Group’s PE is 14.8 which is at the fair value.