On Tuesday, Kepcorp trend downwards and closed at $9.40 with LOW volume of 3.69 million shares traded. A black candle sticks with little lower shadow affirms on the weakness of the rally and prices are likely to pull back. Both RSI & MACD are flat as RSI trend sideways. Important Resistance of Kepcorp: $9.56 Immediate [...]

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On Friday, Noble broke the minor support at $1.125 and closed at $1.12 with regular volume of 86.51 million shares traded. A falling window occurred (where the bottom of the previous shadow is above the top of the current shadow).  This usually implies a continuation of a bearish trend.  There have been 8 falling windows [...]

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On Friday, STX OSV broke the minor support at $0.995 and closed at $0.94 with HIGH volume of 20.6 million shares traded. Three black candles occurred in the last three days. Although these candles were not big enough to create three black crows, the steady downward pattern is bearish. Both RSI & MACD are bearish [...]

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On Friday, ST Eng re-tested its major resistance at $3.18 and closed at $3.15 with LOW volume of 1.56 million shares traded. A black candle sticks with long upper shadow indicates the profit taking when prices approaches the resistance at $3.18. Both RSI & MACD are turning bullish as MACD lines began to converse together. [...]

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On Friday, S & P 500 slumped sharply due to worsen consumer’s sentiment and close at 1065. The long black candle sticks with little lower shadow indicate that investors have no hesitation in selling down the stock market due to fear. Both RSI & MACD are still bullish though RSI performed a very sharp down [...]

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