Recent Posts - My Stocks Investing

Ezra: Going to Start an Up Trend?

Post author:Marubozu
Post published:July 11, 2010

Ezra seems like have completed a nice and complete Elliott Wave pattern (1,2,3,4,5, A, B, C). Currently Ezra has formed a higher low and testing the 61.8% Fibonacci Retracement resistance at $1.805. Breaking above this resistance will give Ezra to test 20D and 50D MA resistance at about $1.84. Going above these resistances give Ezra a very good outlook in forming a “Higher Higher, Higher Low” uptrend pattern. Next immediate resistance is 200D MA at about $2.10. Welcome for any comment if you have different views.

Hi P International: Going to Reverse

Post author:Marubozu
Post published:July 11, 2010

Hi P International has been running up strongly recently. However, Hi P is reaching a strong resistance at $0.71 base on past history. This resistance was hard to break from the past four occassions. $0.66 should be a good support for Hi P to continue the uptrend as this level is the 200D MA and also 78.6% Fibonacci Retracement support.

Jaya Holding: Breakout and Bounce Down?

Post author:Marubozu
Post published:July 11, 2010

Jaya Holding is reaching a very critical resistance between $0.66 to $0.67. This level considered a 4 in 1 resistance where 20D MA, 50D MA, 78.6% Fibonacci Retracement Level and previous uptrend support line. If this resistance can be broke, there is a good chance to start an uptrend. $0.57 proved to be a very strong resistance as the stock price bounced back from this 200D MA which is also the 61.8% Fibonacci Retracement Support.