Geely Automobile (0175): Possible price consolidation

  Geely break its support way back in Nov/Dec 2010. And ultimately, break down from the kumo support from 3.60 Since then, the sharp drop has slowly disappear and the price has slowly consolidated around 2.80 Current support from the Ichimoku chart shows $2.78 as identified by the Chikou Span. Second support is around $2.55… Continue reading Geely Automobile (0175): Possible price consolidation

Chaoda Modern Agricutlure (HKG:0682) : Gap resistance

Chaoda has fall off the cliff since its August sell off with not just 1 gap down but 2. Currently, it is trying to break through the gap resistance at around 6.31 If it succeeds, more resistance is expected from the kumo till around $7.2; where it will be the kumo resistance from the Weekly… Continue reading Chaoda Modern Agricutlure (HKG:0682) : Gap resistance

BYD Co (1211) : Chart Review as of November 18, 2009

1. BYD has a bearish cross back in November 10. 2. Currently, support can be found at $66.80 based on the Chikou Span support. 3. Price is still above the kumo level which suggests that the uptrend is still intact and may be supported. 4. Stochastics shows that it is approaching oversold territory. Will there… Continue reading BYD Co (1211) : Chart Review as of November 18, 2009