Yangzijiang is one of the few stocks which the uptrend still intact though STI has dropped over 200 points for the past 2 weeks. After the breakout from $1.26 at April 2010, Yangzijiang trading volume has increased quite significantly to indicate its high volatility. Currently this counter resting at the resistance turned support of $1.26 and 50 days moving average.
Important resistance of Yangzijiang: $1.36
Immediate support of Yangzijiang: $1.26
Capitamall’s uptrend has not been broken as well. Similar to Yangzijiang, its trading volume increased after the breakout of ascending triangle from $1.88 since April 2010. Currently this counter also resting at the resistance turned support of $1.88 and 50 days moving average as well. The last white candlestick with long shadow that was formed on Friday showed that this counter sentiment is still unclear at this stage
Important resistance of Capitamall: $1.88
Immediate support of Capitamall: $1.99
Hyflux drops more than 10% from $3.40 to $2.98 in just 3 consecutive days after a failed symmetrical triangle. The price has slump past the 200 days moving average indicating the weakness of this security. However it’s managed to hold at major support of $2.88 forming a “doji” candles stick that indicate the uncertain or the selling pressure of Hyflux has start to ease. It would be a good opportunity to enter at this time if any investors like Hyflux for its fundamental. (Try to buy around $2.88 if possible)
Important resistance of Hyflux: $3.17
Immediate support of Hyflux: $2.88
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