Breakout - My Stocks Investing

China HongXing – Breaking Out From A Down Trend Channel

Post author:Marubozu
Post published:December 9, 2009

China HongXing looks like Breaking Out From A Down Trend Channel with an increase in a trading volume for the past two days. The stock price broke the 20D and 50D MA resistance, and MACD starts turning bullish. Immediate support between $0.18 to $0.19, next resistance at $0.215.

Intel (INTC) – Breaking out from Symmetrical Triangle and Bullish!

Post author:Marubozu
Post published:December 5, 2009

Intel (INTC) is breaking out from a Symmetrical Triangle with increase in trading volume. This breakout is a bullish signal and also confirmed by the Technical Indicators. Price target is around $22.50.

Technical Indicators

Stock price above 20D, 50D and 200D MA.
MACD crossover and move into bullish convergence region.
RSI is going up.
Stochastic is going up.
Stock price is above Parabolic SAR line.
Stock price is at above Bollinger Band.

Yanlord – Breaking Out from a Falling Wedge!

Post author:Marubozu
Post published:December 3, 2009

Yanlord is going to breakout from a falling wedge. Past two trading sessions ended with two Bullish Marubozu candles with increased in volume.

Current stock price ($2.41) has broken 20D and 50D MA resistance line.
MACD has crossovered the signal line and moving into bullish convergence region.
RSI and Stochastic are heading upward.
Stock price is at the upper Bollinger Band and above Parabolic SAR line.

Price target remains the same as previous analysis of about $2.85 after breakout. Yanlord has to stay above $2.40 (a critical resistance turned support level of the falling wedge) before reaching the target. Otherwise, the stock will fall back and gyrate in this falling wedge.