Sep 1, 2014 - DNL, Stock Analysis    No Comments

Will DNL break the resistance slope?

Looks like DNL is about to break from the resistance slope. Notice that after hitting the slope it only corrects a little bit and now it is trying to break it again. Is it going to be successful this time? Based on Ichimoku system, DNL is in an upward trend with all elements in bullish [...]

Aug 31, 2014 - PX, Stock Analysis    No Comments

Bullish Hammer confirmed?

PX showed bullish sentiment last Friday after it closed by 4.5% to 11.50 per share. Price may continue to move upwards with possibility to reach 12.40 based on recent drop which reached 127.2% Fibonacci Retracement level before the bounce last Friday. The Kijun Sen line that is moving horizontally at 11.76 may help pull the [...]

Aug 31, 2014 - PGOLD, Stock Analysis    No Comments

Resistance too strong for the bulls?

The bulls’ effort to break the resistance at 161.8% Fibonacci Retracement level came short as bears continue to resist the price from moving upwards. Although the Kijun Sen line may continue to attract the price, we need to monitor if price movement at resistance line. If price will continue to close below this line then [...]

Aug 31, 2014 - COAT, Stock Analysis    No Comments

Rest after the assault?

COAT is now moving above 78.6% Fibonacci Retracement level which means this is our new support. While we are bullish last time we saw COAT (Is it ready for the assault?), this time there is a little bearishness on this stock and that is because of how it move last Friday. The last candlestick represents [...]

Aug 31, 2014 - CIC, Stock Analysis    No Comments

Got help from Senkou Span B

Look like CIC has found its bottom at 40 per share with the help of Senkou Span B of the Kumo or Cloud. The Kijun Sen line is about to move horizontally which means price may be pulled up to 48.4 per share. Looking at its weekly chart, it seems that the price is being [...]

Aug 27, 2014 - AGI, Stock Analysis    No Comments

Is AGI going to follow the current trend?

While AGI is still in a downward trend, we may see few spikes along the way like the one we might see this time. Last time we Let AGI bleed towards the 24.x level and close the gap. The support slope is now trying to prevent more damage and price may bounce from here up to [...]

Aug 26, 2014 - Stock Analysis    No Comments

FGEN at 127.2% Fibonacci Retracement level

FGEN reached the 127.2% Fibonacci Retracement level last Friday when price close at 24.4 per share but it seems that the bears are beginning to show its presence. While we see a rally from 20.20 per share up to this point, it could be the reversal that we want to avoid. Notice that this fibonacci [...]

Aug 26, 2014 - COAT, Stock Analysis    No Comments

Is it ready for the assault?

After a pause, it seems that COAT is ready to climb again. The 50% Fibonacci Retracement level which was tested seemed to be a strong support. Price may now continue to move towards the next resistace which is 5.56 per share. Still we have to play safe with our support at 5.44 per share. After [...]

Aug 21, 2014 - SM, Stock Analysis    No Comments

SM consolidating. Breakout or move towards support?

SM may consolidate inside a triangle formation with base or lower range at 770 per share. Notice that the last candlestick is showing some bearishness and could be a hint that this stock will move towards the support line. In turn, if we will see a bullish signal at the support line then it might [...]

Aug 21, 2014 - PX, Stock Analysis    No Comments

PX showing bearishness after crossing Kijun Sen line

PX registered a bearish signal via Kijun Sen Cross yesterday. It fell by 3.3% to close at 11.84 per share. Could this lead to a fall towards 11.5x and the closing the gap at 11? The bulls need to bring the price above the Kijun Sen line or else more bearish signals will appear soon. [...]

Aug 19, 2014 - COAT, Stock Analysis    No Comments

Bouncing from 61.8% Fibonacci Retracement level?

The White Marubozu we saw today could mean the start of COAT’s reversal. The stock rally by 7.7% to close at 5.47 per share. The previous dip from 5.93 down to 4.95 per share could create a bounce up to 6.54 per share which corresponds to 161.8% Fibonacci Retracement level. Today’s close shows bullish sentiment [...]

Aug 18, 2014 - EMP, Stock Analysis    No Comments

EMP showing bullish bias at the end of the day

EMP hit 10.32 per share before recovering from the plunge and close at 10.98 per share. This creates a Hammer candlestick which is a reversal pattern. Could this be the start of its ascend? The bulls may have won the bears today by not settling at the day’s low but we still need a confirmation [...]

Aug 18, 2014 - DNL, Stock Analysis    No Comments

Kijun Sen preventing DNL to move up

DNL is showing bullish bias today after it bounce from the 50% Fibonacci Retracement level. But its bullishness is not totally threatening for the bears. Notice that the Kijun Sen line was successful in preventing DNL to close above it. As of now this is the area to break. If broken, our next resistance will [...]

Aug 18, 2014 - AGI, Stock Analysis    No Comments

Let AGI bleed for now

AGI broke the support at 61.8% Fibonacci Retracement level. Looks like the bears are not yet done and price may possibly continue to fall down and seek support at 78.6% Fibonacci Retracement level. Notice also that we have a gap at 23.7 – 23.85 which may also be filled before a bounce will happen. Ichimoku [...]