Rising Wedge - My Stocks Investing

IndoAgriculture: Breaking Out Soon?

Post author:Marubozu
Post published:April 10, 2011

IndoAgri has formed an Inverted Head and Shoulders and currently testing the neckline resistance at about $2.30. Previously IndoAgri had a very nice breakout from a Rising Wedge and reached the minimum breakout target price. Can IndoAgriculture have a nice breakout from this Inverted Head and Shoulders pattern and reach the minimum target price of $2.54? If yes, this IndoAgri chart pattern can be a very good teaching material of chart patterns for a Technical Analysis class!

IndoAgri: Price Target After Breaking Down from Rising Wedge

Post author:Marubozu
Post published:January 28, 2011

Follow up from previous post of IndoAgri’s forming of Trend Reversal chart pattern (Rising Wedge).

IndoAgri may rebound at the 61.8% Fibonacci Support at about $2.545 before heading towards $2.30 or somewhere near 200D MA.

Where is the safe entry level? I will wait for IndoAgri to get near to the 200D MA and relook at the chart again. 200D MA is still on uptrend.

Golden Agriculture: Where is the Next Support?

Post author:Marubozu
Post published:January 26, 2011

Goldean Agri has been on the down trend after breaking down from the Rising Wedge. CLICK HERE for previous post: Beware of Reversal. This reversal pattern has a minimum price target to $0.668 which is close to the 50% Fibonacci Support, followed by $0.63 which is the 200D MA support. 200D MA has proven to be a very strong support for Golden Agriculture for past few occassions. This $0.63 will be my entry point for short term trade if this stock has chance to come near to this level.