Jaya Holding – Is This Time Real?

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Jaya Holding closed today at $0.495 with a opening marubozu candle with a spike in volume and breaks out from a Symmetrical Triangle. However, it remain to be seen whether this is a successful breakout due to the past 3 attempts. One thing to note that the spike in volume in diminishing compares to the previos one, and this is not a sign for a bullish & sustainable breakout. The past three spikes in the stock price were not sustainable due to lack of volume for the next few days. If this breakout is successful, the price target is $0.58.

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Intel (INTC) – Breaking out from Symmetrical Triangle and Bullish!

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Intel (INTC) is breaking out from a Symmetrical Triangle with increase in trading volume. This breakout is a bullish signal and also confirmed by the Technical Indicators. Price target is around $22.50.

Technical Indicators

  • Stock price above 20D, 50D and 200D MA.
  • MACD crossover and move into bullish convergence region.
  • RSI is going up.
  • Stochastic is going up.
  • Stock price is above Parabolic SAR line.
  • Stock price is at above Bollinger Band.
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