Saturday, August 14, 2010

STI

Trend:  Potential sideways - downtrend
 ? Uptrend polarity has changed since STI broke the 2958-2950 support.
 + MacD signal still above 0 meant uptrend is still intact
 - 20d/ 50d MA moving sideways seems loosing momentum
 - Price action is trapped between 20d and 50d

Support and Resistance: Price near 2950 resistance
 - Price action is near support turn resistance around 2950, confluence with 23.6%
 - Price is below 20d MA
 + 2892 nearest support at 50d MA also confluence with 38.2% Fibo is strong
 + Cyclicity is good. Price retrace below 20d started to rebound. If continue upward, will resume uptrend. Good entry for long.

Candlestick Analysis : White engulfing with upper shadow resisted at 2950

Indicators:
+ RSI, Stochastic at oversold position
- RSI sideways is trendless
- Stochastic moving down has yet to crossover. More download pressure...

Strength/ Weakness:

 -Direction of MA and RSI seems to favour sideways movement...
 + Polarity change from downtrending momentum

Key Levels:
 - If price action failed to break 2950, it is forming lower high and expect the down trend may continue or trading sideways for near term
+ If price breaks 2950, if probably made another attemp to clear 3030 resistance.

Saturday, April 17, 2010

C

Trend: Up trend
Observations: 20d, 50 pointing up. 50d, 100d bullish crossover. MacD signal above 0.
Recent retracement is still supported by 20d and channel. As long as the trendline not broken, any pull back next trading day will continue the upward momentum. A good entry opportunity !

Friday, April 2, 2010

GreatEast

Trend:
Strong uptrending, recently breakout from typical flag formation with high volume is a continuation pattern. If continue to break resistance, the anticipated price target at 17.13.
Risk - 0.49
Rewards - 1.16
Rewards/Risk= 2.3
Indicators :
No bearish divergence.

AMD


Trend :
Uptrend, reversal during recent retracement has been confiirmed 2 days ago!
Candles:
Bullish harami confirmed next day with white candles. Candles are tracing along 20d MA moving up! Last candle did not manage to close above previous day and long shadow is doubtfull ?
MA:
20d point up with bullsih crosover. 50d flat...could signal not ready to breakout the consolidaton yet?
Indicators:
RSI is on it way down and seems moving sideway..any signal of consolidation ?
Stochastic bullish cross below 50%.
MacD histogram dispalyed 4R1G bull signal 2 days ago.
Conclusion:
Immediate turn expect stock price to continue upward move and suspect it may need time to breakout as indicators still not confirm.





Alcoa (AA)

Trend :
Uptrend. After period of correction in Jan and followed by consolidation, the trend seems to be maturing with 20d crossover 50d and presently touching 100d.
Candles:
Doiji engulfing is confirmed with last black candle is retracing towards 14.00 support.. 14.00 support is major.
MA:
20d MA is strengthening and pending crossover the 100d. But 50d MA is still pointing down. Hence suspect breakout from consoldiation may have to wait for a while.
Indicators:
RSI trending upwards w/o compromise. Likewise the stochastic are bullish.
MacD distogram 6R, will display but sign if any rebound appeared.

Conclusion:
Watch out for retracement near 14.00 reversal signal to long !14.00 support is strong.

C

Trend     : Uptrend but recent retracement also displayed obvious bearish divergence.
Candles  : Black candle rested on 20d MA as support. Weekly candle close with dark cloud is bearish.
MA        : 20d MA bullish crossover 50d, and 100d. 50d and 100d  appeared flat.
Indicators:
                Weekly Macd historogram 10G, potentally face retracement pressure.
                 RSI and Stochastic are pointing down. Further downward movement expected.
                 Bollinger - break below 20d would see the price sliding down toward lower band ~ 3.7 at 100d Ma support and 3.5 at 50d MA support.

Conclusion :
   Sell !

Friday, March 26, 2010

NOL


Trend : Uptrend, price rested on 20d MA
Last candle : Doiji display indecisive, pending confirmation on direction.
MA: 20d MA pointing up but 50d and 100d are flat. suspected limited upside movement in near term.
Indicators:  Caution - bearish divergence!
MacD histogram below ctr. is red while signal line bearish crossover are bearish.
RSI pointing down towards 50% pending rebound
Stochastic at oversold has bullish crossover.
Conclusion:

Potential rebounds at current support 1.93. Wait for confirmation candle!
Immediate resistance at 2.03 has limited upside. If rebound at 1.93, it is higher low, hence showing strong uptrending...
If breaks support, be aware of price gap at 1.89. Further support at 1.81 is confluence with 50d MA