Recent Posts - My Stocks Investing

STI – 200D MA Support Broken!

Post author:Marubozu
Post published:May 24, 2010

STI has broken the 200D MA support and is heading to test 2660 (23.6% Fibonacci Retracement Level). If this support fails to hold, a bigger correction will happen and STI may go all the way to 2430. The current chart looks bearish but STI may rebound from 2660 support in near term but will face the resistance (200D MA) at about 2770.

IndoAgri – Forming a Double Tops

Post author:Marubozu
Post published:May 22, 2010

IndoAgri is forming a double tops since breaking down from the up trend support. Neckline is at about $1.95. Breaking down the neckline with heavy selling volume will confirm the double tops formation with price target of $1.35.

Golden Agri – Starting a Deeper Correction

Post author:Marubozu
Post published:May 22, 2010

Follow up from previous post.
http://mystocksinvesting.blogspot.com/2010/05/golden-agri-breaks-up-trend-support.html

Golden Agri is unable to move back and went above the up trend support. It is also confirmed that the previous support has turned into resistance. In addition, 200D MA support is also broken. The chart looks bearish and probably starts a deeper correction if there is no rebound from this 200D MA support.