Yangzijiang broke out from an Ascending Triangle on an uptrend with an increase in volume. If the stock retests $1.06 and can stay above this resistance turned support level, the price target is about $1.32 (but need to clear $1.243 resistance first).
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Showing posts with label Ascending Triangle. Show all posts
Showing posts with label Ascending Triangle. Show all posts
Wednesday, November 25, 2009
Friday, October 30, 2009
Keppel Corp - Breakout to go NORTH or go SOUTH?
Keppel Corp has formed an Ascending Triangle but it may form a Triple Tops if the stock breakdown from the Ascending Triangle. If the stock can stay within the Ascending Triangle and breakout from the resistance line of $8.42, the stock may go up to $10.30.
However, if Keppel Corp breakdown from the Ascending Triangle at around $8.20 and goes below $7.80, a Triple Tops is formed and send the stock to $7.20.
I have also compiled Analysts' recommendation in the following table:

However, if Keppel Corp breakdown from the Ascending Triangle at around $8.20 and goes below $7.80, a Triple Tops is formed and send the stock to $7.20.
I have also compiled Analysts' recommendation in the following table:

Keppel Corp still has upside potential base on today's closing price of $8.19. The key consideration is to time the right price to buy to maximise the gain.
Monday, September 7, 2009
Allgreen - breaking out from an ascending triangle soon!
Allgreen has a very strong resistance of $1.24 to break. If Allgreen fails the breakout in the next few days, it probably will retrace back to $0.90 (61.8% Fibonacci Retracement).
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