Recent Posts - My Stocks Investing

Swiber: Breaking Out!

Post author:Marubozu
Post published:September 26, 2010

Follow up on Swiber last analysis. Swiber looks like breaking out from a Descending Triangle. Currently Swiber retraces back to test the support at the breakout point at about $1.05. This is a very important four-in-one support where 20D, 50D, 200D MA and 78.6% Fibonacci Retracement Level meet at this level.

Things to watch out for:

Look for trend reversal candlesticks when rebound from this support level.
If Swiber reverses and breaks the recent new high of $1.15, the breakout is successful and the price target is about $1.30.

Keppel Corp: Forming A Symmetrical Triangle

Post author:Marubozu
Post published:September 26, 2010

Keppel Corp is forming a Symmetrical Triangle and currently just trading at the Triangle resistance and 20D/50D MA support. The immediate support is at $8.60 (Triangle’s support) which is also 78.6$ Fibonacci Retracement Level, 200D MA support and long term up trend support. No clear direction until the breakout.

China HongXing: In Consolidation Mode

Post author:Marubozu
Post published:September 22, 2010

China HongXing is taking breather now and consolidating at about $0.21 to $0.215. $0.21 which is also a 78.6% Fibonacci level, looks like a strong support. Current chart still looks bullish as 20D and 50D MA are rising very sharply and crossover the 200D MA recently. One negative point is the rolling PE of China HongXing is 43 which is over value. The stock price is running ahead of the stock fundamental. x-Dividend date is Sept 30, 2010.

Good for short trade for the time being.