Week TA Summary
* Stock price above 20D, 50D and 200D MA and all three MAs are in uptrend. 20D MA crossed 50D MA.
* Stock price on the upper boundary of Bollinger Band.
* MACD crossover (blue over red) on upper half showing bullish convergence.
* Stock price on top of Parabolic SAR.
* RSI at 55%.
* Stochastic blue-red crossover in the up trend.
The chart is also having a very nice Fibonacci retracement back to $0.197 (61.8%) and should form a very strong support line. If the stock price can break the resistance of $0.25 and stay on top of $0.25 with healthy volume, it may go all the way up to $0.337 (161.8%) by Jan 2010 base on Fibonacci fan.
Stock Background
3 Years Historical High = $0.51
Current Price = $0.235
Wow, very technical analysis. Greek to me honestly. I bought some at 18 cents but it'll take at least a year for the business to recover. What do you think?
ReplyDeleteProbably will get stuck in Courage Marine for at least one year because the shipping industry will only recover when the economy recovers. Just have to buy and hold, however this strategy may cost us losing out other better opportunities.
ReplyDeleteAgreed. Once the bandwagon starts moving you may miss the boat. Now that it's December, may I ask if this analysis is still valid? Thanks. Your output is impressive. Keep it up!
ReplyDeleteThe analysis is not valid anymore as it is time sensitive. Furthermore, this stock failed to break the $0.25 resistance previously.
ReplyDeleteJust did a quick look on the chart. Courage Marine is currently just trading below 20D (short term) and 200D (long term) Moving Average (MA). It is important to see whether Courage Marine breaks this $0.185 resistance with high volume.
Thanks for your feedback. Your output is impressive. Your charts are interesting but I don't pretend to understand them. Still learning...
ReplyDeleteHappy learning! I was a newbie 6 months ago!
ReplyDelete