Head and Shoulders - My Stocks Investing

SIA Engineering: Dead Cat Bounce Completed?

Post author:Marubozu
Post published:March 12, 2014

Looks like the recent Dead Cat Bounce has completed for SIA Engineering after the stock price rejected 3 times at 200D SMA resistance (also the support turned resistance of the Symmetrical Triangle). In addition, there is also a Price Volume Divergence during this rebound. SIA Engineering shall continue to trade in a down trend channel towards the breakout price target of a Symmetrical Triangle of $4.43.

See previous stock chart analysis of SIA Engineering here.

Noble Group: Change in Trend?

Post author:Marubozu
Post published:March 2, 2014

Noble Groups fought back impressively in the past 5 sessions with bullish candle and cleared above all 3 Moving Averages resistances. Next Immediate resistance is at $1.05 (previous support of a large Descending Triangle), and resistance zone of the previous Head and Shoulders chart pattern. Clearing all these resistances will confirm the change of trend (to up trend) of Noble Group. Noble has formed a Higher Low (Purple) after retraced back to 38.2% FR. Now need to see whether Noble can break above $1.12 resistance to form a Higher High uptrend pattern.

Original Post by Marubozu @ My Stocks Investing Journey.

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Noble Group: Bull Trap!

Post author:Marubozu
Post published:February 14, 2014

Noble Group has probably finished the rebound from $0.92 after breaking down from the Head and Shoulder pattern. The rebound ended at 200D SMA resistance and also the neckline at about $0.99. Currently Noble Group looks like turning down after rejected at the down trend channel resistance and move toward the price target of $0.87.

See previous analysis of Noble Group here.