My new site is finally up and I will be posting my stocks analysis at http://mystocksinvesting.com


Marubozu

May 31, 2010.

My Stocks Investing Journey

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Friday, December 4, 2009

GS - Bullish Abandoned Baby Pattern Failure?

GS formed a Bullish Abandoned Baby (another name is Morning Doji Star) pattern a few days ago but the trend did not reverse to up trend. The trend will normally continue if there is a pattern failure, and the H&S formation remains valid for the time being.  I am watching closely whether GS will break the neckline and the support of $158.4. If these two supports are broken, GS will start a deep correction to about $138 level.


Wells Fargo & Co (WFC) - Head & Shoulders Formed!

Wells Fargo & Co (WFC) has formed a Head & Shoulders. If the stock breaks down the neckline of $26.50 with high volume, the stock may fall towards $22.37 level.
Technical Indicators like MACD, RSI, Stochastic, Parabolic SAR & Bollinger Band confirmed the bearish trend. WFC is also below 20D and 50D MA.


Thursday, December 3, 2009

Epure - Breaking out from a Bullish Symmetrical Triangle!


Epure breaks out from a Bullish Symmetrical Triangle with heaving trading volume today (17 Million shares traded). The stock may return to test $0.60 support (Symmetrical Triangle's resistance turned support line) and the price target is $0.70 if Epure stays above $0.60.


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