Looking at a bigger time horizon on China HongXing, a Cup and Handle pattern is observed and current breakout from 61.8% Fibonacci Retracement Resistance at about $0.175 coincides with the Cup and Handle breakout. Price target of this breakout is $0.23. However, China HongXing needs to clear the immediate long term down trend resistance at about $0.20 first. $0.175 should provide a good support.
Informatics is showing a Parabolic Curve pattern. Current PE is at all time high of 49. Another point to note that Informatics loses money and have negative net operating cash flow on the last quarter. History tends to repeat itself and you may be able to predict what will be the future stock movement in view of the technical chart pattern and fundamentally.
STI is in the process of forming a Double Tops and currently testing the 50D MA support at about 2,920.
The next support is at about 2,860 which is a 200D MA followed by the Double Tops neckline at 2,701 (which is also 78.6% Fibonacci Retracement Level). Breaking down the neckline support will send STI to 2,363 level.
