Biosensors - watch for break out

Recent rally in market seem to have hit some form of break at current level, similarly for Biosensors. The stock seem to be consolidating at its previous resistance high of 1.02. This is the third time in past 9 months that it has hit this resistance high. However this time, its seems to be third time lucky, as price seem to be holding well at current level coupled together with a huge increase in volume.

Though stochastic seem to have pulled back slightly from oversold region, price seem to be gaining momentum, as MACD is in positive region and seems to be pulling away from its signal line. Watch to see if price is able break out from current level. Look out for a break up above 1.04 with volume, for further upside, with price aiming for above 1.10. The 20 EMA has moved above its 200 EMA to form the first golden cross. Look out for its 50 EMA to form the second golden cross above its 200 EMA for further confirmation. Crossing above could signal a confirmation of changing into uptrend mode. Upon entry, cut loss could be set @ 0.925 (12%).

Enjoy and Cheers!

CapComm Trust - Break out above ascending triangle

Recent months saw a rebound in strength for REITs and blue-chip counters. While I am not sure how long this rebound might last, opportunity still arise whenever there is buying/ selling interests. Chart below shows the rebound of CapComm Trust rebound from its low region in 1.3x back to 1.6x level.

A further break out from its ascending triangle to move above 1.635 resistance shown continued interest in the counter. This break out presents good opportunity to entry as price has not yet run. Price movement breaks out of ascending triangle with long green candle. Stochastic move higher to cross back above its signal line. MACD firming in positive region and is moving back up towards its signal line. Crossing above the MACD signal will reaffirm the continued strength of the uptrend.

While price moves higher, keep a look out for profit taking. As long as price is supported by its 20 EMA upside will be firming intact. Set tight cut loss @ 1.560 (-5%).

Enjoy. Remember to share when you have profited.

Ezion Holdings - Correction completed. Uptrend to resume

Post first talk later.. as title above.
Ezion holdings seem to have competed its minor correction to move price into its uptrend support line. Selling pressure seem to have lessen in pass few trade session. Strong uptrend still firmly intact, with good buying opportunity at this level.

Chart speaks a thousand words.

Cheers!