Up Trend Support - My Stocks Investing

Macquarie International Infrastructure Fund – Up Trend Still Intact

Post author:Marubozu
Post published:July 15, 2010

This MacgIntIngfra currently trading below its NAV at $0.7943 and the chart shows the uptrend is still intact. Good entry point at about $0.494 when the stock price pull back to 78.6% Fibonacci Retracement Level or the uptrend support.

Sound Global – At a Very Critical Support Now

Post author:Marubozu
Post published:June 27, 2010

Sound Global seems to have ended an Elliott Wave B and start a Wave C. (Refer to previous post on the Elliott Wave pattern on Sound Global). This turning of direction also potentially forming a right shoulder of a Head and Shoulders pattern.

Things to look out for:

Currently Sound Global is just sitting on a critical support at about $0.846. This is a support level of 20D MA, 50D MA and 78.6% Fibonacci Retracement Level. Breaking below this level will send Sound Global to test the up trend channel support (green line).
If the uptrend channel support (projected at about $0.80) is broken, the next support is the neckline of the head and shoulders at about $0.77.
If this neckline is broken, the price target of this head and shoulders pattern is $0.51.

COSCO – Uptrend still Intact

Post author:Marubozu
Post published:June 11, 2010

COSCO has tested the uptrend support recently (about $1.30) and currently testing the 20D MA resistance. Failing to break the 20D MA resistance may end the up trend. Keep a close eye on this 20D MA resistance!