Recent Posts - My Stocks Investing

SMRT: Upside Limited Unless …..

Post author:Marubozu
Post published:July 4, 2010

SMRT has reached 52 weeks high and hitting an important resistance at $2.29. The uptrend is still intact but looks like the upside is very limited unless this $2.29 resistance is broken with huge trading volume. If this resistance is broken, the next resistance is at $2.50 which is 123.6% FR Level.

Sinomem: Forming a Falling Wedge

Post author:Marubozu
Post published:July 4, 2010

Sinomem is forming a Falling Wedge and has a risk of breaking down after falling to break the 50D MA resistance (area shaded in green). Critical support at $0.472 which is the wedge support and also 61.8% Fibonacci Retracement Level.

Breaking this support will send Sinomem down to $0.223 (also 23.6% Fibonacci Retracement Level).
Upside kept at about $0.581, which is the falling wedge’s resistance and also 78.6% FR level.

Does US Economy Really Recovering? Job Data Points to More Uncertainty

Post author:Marubozu
Post published:July 3, 2010