Head and Shoulders - My Stocks Investing

SembCorp Industries: Head and Shoulders!

Post author:Marubozu
Post published:August 7, 2011

Oh Dear! An Head and Shoulders is formed on SembCorp Industries. Breaking down the neckline at about $4.80 may send SembCorp to about $4.00. Take note that there was a gap down to break the 200D MA support on last Friday. The uptrend is over after 2.5 years uptrend if this stock cannot stay above the 200D MA.

A Good stock to short? PE is at 10.81 @$4.80 which is not over value. A test of logic and emotion in the market now! Fear will throw all the fundamental analysis out of the window! Still have lot of “downside potential” to short compares to Yangzijiang and COSCO in my opinion!

Global Logistic Properties (GLP): Forming Right Shoulder?

Post author:Marubozu
Post published:July 24, 2011

Global Logistic Properties (GLP) may be forming Right Shoulder after the rebounding from the support with a Bullish Engulfing candlestick pattern. The stock is currently testing the resistance between $2.04 (20D MA) and $2.055 (50% Fibonacci Resistance). If GLP reverses from these two resistance, there is high possibility of forming a Head and Shoulder pattern.

SunVic: Head and Shoulders has been formed

Post author:Marubozu
Post published:July 17, 2011

A Head and Shoulders has been formed on Sunvic chart pattern. The stock is currently just sitting at the neckline and 200D MA support at about $0.692. Breaking this neckline support may send SunVic to price target of $0.54.