Down Trend Channel - My Stocks Investing

Noble Group: Still On Down Trend

Post author:Marubozu
Post published:October 16, 2011

Noble Group is currently testing previous down trend channel support turned resistance at about $1.45 level. This level is also the 50D MA resistance and 78.6% Fibonacci Resistance. Base on current Noble’s chart pattern, the stock will probably reverse the current rebound and continue the medium down trend unless the 50D MA resistance and the previous high of $1.60 resistance is broken.

China Fishery Continues to Trade in A Down Trend Channel

Post author:Marubozu
Post published:September 29, 2011

China Fishery is currently trading in a down trend channel. As long as China Fish stay below the $1.20 – $1.25 resistances (20D MA, 50D MA and 38.2% Fibonacci Retracement Level), the stock will be heading toward $0.92 (the next 23.6% FR).

IndoAgri: Trading in a Down Trend Channel

Post author:Marubozu
Post published:September 23, 2011

Indo is currently trading in a Down Trend Channel and rebound down from the channel resistance. Base on the chart, IndoAgri probably heads towards $1.00 the next support.