Hyflux appears to be forming a right shoulder. The downward target is $2.60 if the stock price breaks the neckline of $2.90. Hyflux has been on uptrend since Mar 2009, it needs a correction back to $2.475 (61.8% Fibonacci Retracement Level) for a long term healthy up trend.
China HongXing has formed a Head & Shoulders and the stock price has broken below the neckline. However, this stock bounced back from $0.19 support line (50% Fibonacci Level).
$0.20 to $0.205 is a very critical resistance level (neckline and 61.8% Fibonacci Level) to break to have pattern failure for China HongXing to go north. Another important thing to watch is whether the trading volume returns to help to break this strong resistance.
Capital Land had a Head & Shoulders pattern failure and have almost reached the target price of $4.40. Capital Land will probably have a correction to retest the $4.12 resistance turned support line. This stock has the potential to go up to $4.686 if this support level can be hold.
