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 [...]

Aug 18, 2014 - CEI, Stock Analysis    No Comments

Will it be supported by the slope?

While we see a possible bounce at the support line for CEI based on its last candlestick, weekly chart is showing a bearish Dark Cloud Cover candlestick pattern. This may tell us that a spike on its daily chart could just be a fire exit. Tomorrow we need to monitor if we will have a [...]

Aug 14, 2014 - COAL, Stock Analysis    No Comments

Done testing the support?

After breaking from the resistance, COAL is has been testing the newly found support and so far it is strong. Will COAL now continue to move up? Although Ichimoku elements are still in a bearish setup, we speculate that there will still be a spike that could initially hit the 1.37 per share. If price [...]

Aug 13, 2014 - SMPH, Stock Analysis    No Comments

Will it retrace back to its support slope?

After reaching the resistance slope found on the downward channel created by the price movement of SMPH, will it retrace or break the slope? Notice how this slope prevents SMPH from moving upward last time thus creating a lower low. This might happen again knowing that we have an indecisive mood today as depicted by [...]