Falling Wedge - My Stocks Investing

Keppel Land (Kepland): The End of the Up Trend

Post author:Marubozu
Post published:February 13, 2011

Keppel Land (Kepland)’s uptrend ended after breaking down from the Falling Wedge and break the uptrend support. A Bullish Harami candlestick pattern was formed at 78.6% Fibonacci Retracement Support Level and thus expect KepLand to consolidate around $4.19. Also take note that this $4.19 is also the 200D MA support. Next support are $3.85 followed by $3.514 (61.8% Fibonacci Retracement Level) if Kepland breaks this 200D MA support.

Raffles Education: Start to Get Bullish?

Post author:Marubozu
Post published:January 6, 2011

Raffles Education breaks out from a Falling Wedge today with a spike in trading volume. Could this be a start of the bull run for RafflesEdu? I think not yet. To be safe on a good entry, need to watch out for the following:

RafflesEdu immediately face a 200D MA resistance after the breakout. Need to see whether the bull has enough steam to pierce through this 200D MA resistance with healthy volume.
If this 200D MA resistance is broken, we need to watch whether the pull back of the stock price can stay above this 200D MA, ie. make the resistance becomes support.
Also take note that the 200D MA long term trend is still sloping down.
Need to watch the 20D, 50D and 200D MA crossover to confirm the downtrend has stopped and reverse to the up trend.

Dapai: Forming A Falling Wedge

Post author:Marubozu
Post published:December 12, 2010

Dapai has broken the 52 weeks resistance of $0.21. Currently Dapai is testing the $0.19 (38.2% Fibonacci Retracement Support) and seems forming a Falling Wedge. Stochastic and RSI shows Dapai is oversold.

Also take note that current Dapai chart is bearish as stock price is trading below 20D, 50D and 200D MA. However, Dapai is super under value base on fundamental analysis. The below factors you need to consider if you are interested in Dapai:

Dapai is for long term investment base on fundamental. Not for short term trading.
Dapai is super under value base on intrinsic value calculation.
You need patient for Dapai.
When people is fearful, you should be greedy and vice versa. – Warren Buffet

I hope my comments are able to help the readers answer your own questions should you trade or invest in Dapai International. Every investor or trader have different objective and holding period, you need to have your strategy and know what you are doing. As I am INVESTING in Dapai, the current down trend does not bother me because I am looking for opportunity to buy more. Of course I am monitoring the company business closely before committing more capital into it.