Falling Wedge - My Stocks Investing

DMX Tech: Time to Get Out!

Post author:Marubozu
Post published:September 21, 2010

DMX Tech breakout from a Falling Wedge and reach the price target of $0.54. It is time to get out at this level due to the following reasons:

Have reached the breakout price target.
Reaching 52 weeks high and the resistance.
Rolling PE is 39!
RSI in Overbought region.

It is time to take profit and keep money in your pocket! Good luck!

Oceanus: Forming a Falling Wedge

Post author:Marubozu
Post published:September 16, 2010

Oceanus is forming a Falling Wedge or a potential Descending Triangle.

Immediate support is at $0.317 which is a 61.8% Fibonacci Retracement Level.
Immdiate resistance is at about $0.35 which is the wedge resistance or 200D MA resistance.

No clear direction until breakout.

Noble Group: Breaking Out?

Post author:Marubozu
Post published:September 12, 2010

Noble group rebounced from the 61.8% Fibonacci Retracement support at $1.542 and looks like breaking out from the Falling Wedge. Noble is currently testing the wedge resistance at about $1.70. If Noble breaks out and stays above this wedge resistance (and also 20D & 50D MA supports), the stock may reach the price target of $2.20.