Elliott Wave - My Stocks Investing

ST Engineering Rebound! Is It Time To Buy?

Post author:Marubozu
Post published:July 12, 2013

I have to re-draw the Elliott Wave count for ST Engineering because the recent rebound is still the Wave B. There is also a Mini Elliott Wave in Wave B (1-2-3-4-5) and currently hitting the uptrend support turned resistance level (green line).

For those who know Elliott Wave pattern and know how to count the Wave (1-2-3-4-5-A-B-C), you should be able to identify what is the next move! It is Wave C of the Big One and Wave A for the Small One! The Big and The Small are in the same direction! Now we just need to wait for the certain candlestick pattern to form! Happy Trading!

See last Elliott Wave count drawn for ST Engineering.

ST Engineering: Elliott Wave C Down

Post author:Marubozu
Post published:June 23, 2013

ST Engineering rebounded and looked like completed Wave B after rejected at 20D SMA and 61.8% FR resistance at about $4.00. Watch next few days to see whether ST Engineering trade below $3.90 and $4.00. If yes, Elliott Wave C in action with support $3.59 (recent low) followed by the 161.8% FR target of $3.00.

See previous stock chart analysis on ST Engineering here.

Capitaland: A Nice Complete Elliott Wave

Post author:Marubozu
Post published:June 23, 2013

Capitaland is forming a very nice & complete Elliott Wave. Technically Capitaland is starting a down trend where “Lower Low, Lower High” pattern has been formed. Current price is trading below all 20D, 50D and 200D SMA whereby 20D & 50D have started Death Cross over 200D SMA.

Previous Stock Chart Pattern Analysis on CapitaLand.

Expect more down side for Capitaland if look back at previous chart pattern. Previously Capitaland had shown Bearish Elliott Wave before. Will history repeat itself? Anyway it is not for me to guess. I will just trade base on what I see from the chart.