Recent Posts - My Stocks Investing

KS Energy: Down Trend Confirmed?

Post author:Marubozu
Post published:July 11, 2010

KS Energy seems like trading on a down trend where lower low has been formed.

Things to watch out whether KS Energy will continue the down trend:

Whether KS Energy can break above the 20D MA resistance at about $1.12.
If $1.12 resistance is broken, the next critical resistance level is $1.194. This is the previous high and also 61.8% Fibonacci Retracement Resistance.

If KS Energy cannot get past and go above the above conditions, a lower high is formed and the down trend is confirmed.

Ying Li: Trading in a Falling Wedge

Post author:Marubozu
Post published:July 11, 2010

Ying Li is currently trading in a Falling Wedge. The stock is currently testing 20D and 50D MA resistance, and also 23.6% Fibonacci Retracement Level at $0.438. Breaking these resistance level gives a chance to Ying Li to break the falling wedge resistance at about $0.46. Price target for successful breakout is $0.85. Keep a close eye on the breakout.

M1: Having Difficulty to Break Resistance

Post author:Marubozu
Post published:July 11, 2010

M1 upside is very limited as shown in the chart as M1 is trying very hard to break this resistance at $2.17.

If M1 break below 20D and 50D MA which is below $2.10, it may be a good time to take profit unless you want to keep M1 for dividend.