Raffles Education is Falling Down, Faling Down, Falling Down!

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Raffles Education continues to fall in the down trend and forming falling wedge.  The stock price is currently below 20D, 50D and 200D MA and the chart is very bearish.

Things to watch out for trend reversal (ie. stock price to move up)
  • The stock price breaks the falling wedge resistance with healthy volume.
  • The stock price stay above the falling wedge resistance turned support line.
  • The stock price cross 20D MA.
Continue ReadingRaffles Education is Falling Down, Faling Down, Falling Down!

Yanlord – Breaking Out from a Falling Wedge!

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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.

Continue ReadingYanlord – Breaking Out from a Falling Wedge!