Monday, September 5, 2011

CEDC -- Looks bullish in bearish market

There are hardly any stocks out there that are looking bullish in such a market. CEDC is one of them. Has a bullish engulfing right now. Resistance at 6.28 and 5.24.


Thursday, September 1, 2011

AMKR - Spinning top and high volume

The uptrend was broken yesterday, and seems to be a bearish reversal.
http://chart.ly/odov5kx

Bears taking control of the market

Firstly, I hope you guys got out of AIS as suggested in my post yesterday. Absolutely nailed AIS. Those following my tweets would have also noticed that an alert was sent out about a bearish engulfing pattern seen on OXGN. OXGN gapped down a lot.
In short, nailed both the trades.

  • Not expecting a good day tomorrow. Seems like the bears have taken control over the market. 
  • Below you can see SIFY trading within a range currently. There is resistance at 4.96. Also, 4.51 which was earlier a resistance can also be considered a support. If 4.51 is broken, the next support is at 4.00. I expect SIFY to go lower tomorrow. 

  • HTCH - If the support area 2.14 is broken, the next support is at 2.00.