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 !
Saturday, April 17, 2010
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
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.
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 !
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 !
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