Down Trend Channel - My Stocks Investing

Is Singapore Exchange (SGX) breaking down from Descending Triangle?

Post author:Marubozu
Post published:December 19, 2011

Singapore Exchange (SGX) broke $6.00 psychological support and looks like breaking down from a Descending Triangle. Price target for the breakdown is $5.225. SGX is still on down trend channel

Original Post from My Stocks Investing Journey.

IndoAgri: What is the Next Move?

Post author:Marubozu
Post published:November 25, 2011

IndoAgri has been in consolidation mode after finding the bottom in early Oct. Base on currenty chart pattern, it looks like IndoAgri is going to continue the down trend if the stock cannot break above the Down Trend resistance, 20D & 50D MA at about $1.30. Immediate support is $1.13 followed by $0.70 (123.6% FR). Weekly chart is also showing a similar pattern after Bearish Harami candlestick pattern formed at the end of Oct.

The analysis is originally from My Stocks Investing Journey.

Noble Group: Rebounding Soon?

Post author:Marubozu
Post published:November 23, 2011

Noble group formed a Bullish Engulfing yesterday but unfortunately did not move up today. Bullish Engulfing at the support level is a trend reversal pattern. Noble Group is currently just sitting above the down trend channel support. RSI is at oversold region.

Things to watch out:

If Noble rebounds from this support in the next few days, the stock may move up to close the gap and get near to the resistance level at about $1.30 (downtrend channel resistance and 20D MA)
If Noble breaks this support, Noble may be heading towards $0.924 (123.6% FR) and $0.753 (138.2% FR).