Yangzijiang: Bull is Getting Ready!

  • Post author:

Yangzijiang has found the bottom and break the down trend pattern. The stock chart is showing “higher high, higher low” uptrend pattern, indicates the end of the uptrend for Yangzijiang. On the weekly chart, YZJ 2W MA, 4W MA is going to cross up 12W MA after forming a Morning Star on end Sept. Watch this $1.00 resistance closely! The Bull will be back when this $1.00 resistance is broken with huge trading volume.

Yangzijiang is also showing nice earning in the recent announcement.

Find YZJ fundamental here.

 

My Stocks Investing Journey

Continue ReadingYangzijiang: Bull is Getting Ready!

Singapore Airlines (SIA): Watch the $11.00 Level

  • Post author:

Singapore Airlines (SIA) looks like dropping out from a mini up trend channel support after the recent poor earning announcement. MACD is weakening and the stock price is trading below 20D, 50D and 200D MA. Also take note that 20D MA starts to turn down.

SIA is still on the long term down trend as its 200D MA is sloping down on the daily chart. SIA is also trading just below 2W, 5W, 12W MA of the weekly chart.

Watch this $11.00 support level. Breaking below this support may send SIA down to $9.20 target price of the Head and Shoulders chart pattern. SIA may rebound from this support level but taking into the macro-economy into consideration where most of the corporate have started to impose international travel freeze,  the uncertainty in European debt crisis and the high level of oil price, I don’t see the any positive catalyst to proper SIA to the uptrend.

Continue ReadingSingapore Airlines (SIA): Watch the $11.00 Level

Singapore Airlines (SIA): Free Fall Starts Again?

  • Post author:

Singapore Airlines (SIA) just break the suppport and drop out from a 3 months uptrend channel. All technical indicators like MACD, RSI, Stochastic, Bollinger Band, Parabolic SAR indicates bear is coming back for SIA again. What missing now is the volume. Will this be another free fall for SIA again?

Previous Singapore Airlines Head and Shoulder chart pattern and target price.

 

 

Continue ReadingSingapore Airlines (SIA): Free Fall Starts Again?