Nov 27, 2014 - Stock Analysis    No Comments

Update on selected stocks 11/27/2014

EW – still moving inside an upward channel but showing bearish bias since it wasn’t ablve to break the Kijun Sen line HOUSE – consolidating at current level with bearish bias as Kijun Sen may attract price to go down at 7.36 ICT – fell by 2.6% today hitting the support area. Will it form [...]

Nov 27, 2014 - EDC, Stock Analysis    No Comments

Weak Bearish Signal on EDC

EDC fell by 4.9% today and found support at 50% Fibonacci Retracement level. Price crosses the Kijun Sen line which is a weak bearish signal. Aside from that, Ichimoku elements are still in a bullish setup but we don’t see any reversal for EDC yet. In case bears will continue to bring the price down, [...]

Nov 27, 2014 - IS, Stock Analysis    No Comments

Bullish Piercing Line, is it enough?

Did IS bottom today? Notice that the 38.2% Fibonacci Retracement level was able to support the price. Candlestick formation Bullish Piercing Line suggests that the bearish sentiment is now dissipating. It is still early to tell if IS will reverse since Kijun Sen was able to resist the price from moving upward. With this resistance [...]

Nov 25, 2014 - IMI, Stock Analysis    No Comments

IMI at support level

IMI is now at the mercy of its support. Aside from the Kumo which supports the price, notice that on previous dip, this area created a strong support and price bounced to as high as 8.84 per share. Will this still serve as a strong support? We also see a green candlestick today after successive [...]

Nov 25, 2014 - AR, Stock Analysis    No Comments

Will it revere tomorrow?

Did AR hit the bottom today at 0.0076? Notice our last candlestick which is a Hammer which suggests that bearish sentiment is now diminishing. Although we have our weak bearish signal today, if price will be able to stay above 0.0082 tomorrow then we could have a reversal. The Kijun Sen line at that price [...]

Nov 25, 2014 - PGOLD, Stock Analysis    No Comments

Breaking from the Kumo

PGOLD broke from the Kumo today with strong bullish sentiment. Will this hit 42 soon? Resistance can be seen on weekly chart as it hit the Kijun Sen line so we might see some headwinds this week as some may sell. Our new support will be the cloud on daily chart. RSI or Relative Stength [...]

Nov 23, 2014 - CMT, Stock Analysis    No Comments

Resistance slope strong for the bulls

The resistance slope of CMT proved to be a strong one. Notice how price retraces after it hit the slope. But the game is not yet over for the bulls. Price may continue to dip but it may find support at 2.22 where Kijun Sen line is and use it as a spring board. Test [...]

Nov 23, 2014 - MARC, Stock Analysis    No Comments

MARC start to move up

MARC went up by 4.5% last Friday showing bullish bias. We have noticed since last week that MARC has the tendency to bounce (Is it time to bounce?) because of its strong support at 78.6% Fibonacci Retracement level. It may continue to go up and challenge the 6.26 barrier then 6.5x More rewards to come [...]

Nov 23, 2014 - IS, Stock Analysis    No Comments

Engulfing pattern on IS

After breakout failure last week, IS’s weekly chart doesn’t look good with Bearish Engulfing pattern. Could this be the big correction that will happen on IS? After consecutive weeks of going up, the bears are beginning to take the lead. The Engulfing pattern suggests that the power of the bulls are now diminishing. A confirmation [...]

Nov 19, 2014 - CMT, Stock Analysis    No Comments

CMT hitting PR zone?

Did CMT hit potential reversal zone at 2.65 today? If yes then we might see CMT to dip to its support slope. Notice that CMT is moving inside the downward channel and has hit the 61.8% Fibonacci Retracement level. We still need to see a bearish reversal pattern from the candlesticks but as of now [...]

Nov 19, 2014 - AR, Stock Analysis    No Comments

Will AR touch support level soon?

AR has been moving sideways with the possibility of touching the support slope. It is interesting to know what will happen when Kijun Sen line and the price will meet near the support slope. This could be a jumping board for AR when the collision happens. Will it happen near 0.0081? Better not to enter [...]

Nov 18, 2014 - IS, Stock Analysis    1 Comment

IS consolidating

IS has been consolidating for few days now with resistance around 0.78 per share. IS it time to break from consolidation? Notice that our Ichimoku elements are still in a bullish setup and Tenkan Sen line has been helping support the price. The higher low is a sign that bulls are still there but we [...]

Nov 17, 2014 - RWM, Stock Analysis    No Comments

Harami Cross on RWM

RWM is moving inside a downward channel. Notice that it is currently at the support slope with bullish candlestick formation called Harami Cross. This pattern suggests that the bearish mood is now dissipating. A large green candlestick tomorrow will confirm the reversal of this stock at short term. Ichimoku elements are still in a bearish [...]