The Responsible Trader

STOCK CHARTS AND ANALYSIS – CROWN

 

In accordance with our Independence Day commitment, following is our Technical Analysis of  CROWN (CROWN ASIA CHEMICALS CORP) as of July 23, 2015.

 

This  completes our THREE for FREE for this week – BDO (Index Stock), GERI – 2^nd Liner and this one CROWN – 3^rd Liner.

 

 

TA – The Responsible Trader’s Way – No Hyping, No Bashing Just Plain Cold Facts.

Positive

1.   Bounce from a Downtrend . CROWN has clearly shown a reversal from its downtrend. It even breached P2.41 (61.8% Fibo resistance).

2.   Recent price action above 15 EMA and 20 SMA – Bullish – Short Term. The stock’s recent price action is above  the 15 EMA and 20 SMA showing that it is Bullish on the Short Term.

3.   Recent price action above 50 SMA – Bullish – Medium Term. The stock’s recent price action above 50 SMA shows that it is also Bullish on the Medium Term.

 

Negative

1.   Bearish Engulfing. The first of the last candlesticks is an inverted hammer followed by a red Marubozu which engulfs the former.  This could indicate a possible pullback for the stock.

 

NOTE: Positive points are things that could work in your favor. Negative points are things that you have to watch out for.
The Chart and Analysis is presented for educational purposes only and should NEVER BE TAKEN as a RECOMMENDATION to BUY, HOLD, or SELL.

 

Please trade with CAUTION, please trade with CARE. As always, IT’S YOUR TAKE, IT’S YOUR CALL. IT’S YOUR MONEY AFTER ALL.

 

Good luck on all your trades